Chapter 4 Financial Planning Exercise 7 Calculating interest earned and future value of savings account If you put $10,000 in a savings account that pays Interest at the rate of 4 percent, compounded annually, a. how much will you have in three years? Round the answer to the nearest cent. Round FV-factor to three decimal places or use the Appendix A. (Hint: Use the future value formula.) $ b. how much interest will you earn during the three years Round the answer to the nearest cent. $ c. If you put $10,000 at the end of each year into a savings account that pays interest at the rate of 4 percent a year, how much would you have after three years? Use the Appendix B. Round the answer to the nearest cent. Round FV-factor to three decimal places