Future value You have $$400$ to invest. If you put the money into an account earning $8\%$ interest compounded annually, how much money will you have in $13$ years? How much money will you have in $13$ years if the account pays $8\%$ simple interest?

If you put the money into an account earning $8\%$ interest compounded annually, after $13$ years you will have $$,($Round to the nearest cent.$)$