Future value You have $600 to invest. If you put the money into an account earning 8% interest compounded annually, how much money will you have in 12 years? How much money will you have in 12 years if the account pays 8% simple interest? If you put the money into an account earning 8% interest compounded annually, after 12 years you will have $(Round to the nearest cent.) If you put the money into an account that earns 8% simple interest, after 12 years you will have s (Round to the nearest cent.)