3. You need to have $1,000 two years from today. Which formula do you use to calculate how much you need to save today at an interest rate of 3%, in order to have that amount? A. 1000 + (1+3%) B. 1000 + (1+3%)2 C. 1000 x (1+3%)2 D. 1000 x (1+3%)5. Ms. Lee opens a savings account paying 5% p.a. In order to have exactly $5,000 in 3 years, and without depositing any more money or withdrawing from the account, how much should she deposit today? (Assume annual compounding at 5%. Answer rounded to whole dollar.) A. $3,208 B. $4,769 C. $5,788 D. $4,319