Intro You put $1,000 into a savings account that pays 9% in annual interest. Part 1 8 | Attempt 1/5 for 5 pts. How much money will you have after 9 years if the account pays only simple interest? 1810 Correct Interest per year: Int = PV .p = 1,000 - 0.09 = 90 = = = Future value: FVE PV + t Int = 1,000 + 9 90 = 1,810 Part 2 Attempt 2/5 for 5 pts. How much money will you have after 9 years if the account pays interest compounded annually? 2368 Try again