Ch 01: Assignment - Understanding Personal Finance Periods 5.00% 10 15 20 25 6.00% 7.00% 8.00% 12.5779 13.1808 13.8164 14.4866 21.5786 23.2760 25.1290 27.1521 33.0660 36.7856 40.9955 45.7620 47.7271 54.8645 63.2490 73.1059 By the end of his investment period, he will have saved Problem 3. Jackson's grandfather is pleased that his grandson is learning to save. To further encourage the practice, he has offered to give his grandson a gift of $3,000 per year for each year that Jackson keeps the proceeds from the sale of his car invested-presumably for the next four years. He has opened a new savings account that will pay a rate of 5% per year. (Note: Round your answer to the nearest whole dollar.) You can use the following table of Future Value Interest Factors: 13 17-2 m