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Calculating interest earned and future value of savings account If you put $2,000 in a savings account that pays interest at the rate of 7 percent, compounded annually, a. How much will you have in 5 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 5 years? Round the answer to the nearest cent. c. If you put $2,000 each year into a savings account that pays interest at the rate of 7 percent a year, how much would you have after 5 years? Use the Appendix B. Round the answer to the nearest cent. Round FV- factor to three decimal places