You have $400 and a bank is offering 6.0% interest on deposits. If you deposit the money in the bank, how much will you have in one year? In one year you will have $ 7. (Round to the nearest cent.) You expect to have $7,000 in one year. A bank is offering loans at 3.5% interest per year. How much can you borrow today? Today you can borrow $ . (Round to the nearest cent.) Due to your good credit, your bank reduces the interest rate on your $11,000 loan from 9.1% to 7.3% per year. Thanks to the change, how much will you save in interest this year? The amount you will save in interest this year is $ . (Round to the nearest dollar.)