Chapter 4 Financial Planning Exercise 7 If you put $3,000 in a savings account that pays interest at the rate of 5 percent, compounded annually, a. how much will you have in 3 years? Round the answer to the nearest cent. Round FV-factor to three decimal places or use the Appendix B. (Hint: Use the future value formula.) b. how much interest will you earn during the 3 years? Round the answer to the nearest cent. c. If you put $3,000 at the end of each year into a savings account that pays interest at the rate of 5 percent a year, how much would you have after 3 years? Use the Appendix B Round the answer to the nearest cent. Round FV-factor to three decimal places