FUTURE VALUE: EXAMPLE #1 o You deposit $500 into a savings account. You plan on withdrawing the money and closing the account exactly two years from today. Interest rates are 10%, compounded annually, and will remain constant over the two years. FUTURE VALUE: EXAMPLE #1 o How much money will you have when you close the account (future value)? o How much simple interest did you accumulate? o How much compound interest did you accumulate