Simple Interest versus Compound Interest $[[$O$1]$ First City Bank pays $7\mathrm{.}5$ percent simple interest on its savings account balances, whereas Second City Bank pays $7\mathrm{.}5$ percent interest compounded annually. If you made a deposit of $$8,600$ in each bank, how much more money would you earn from your Second City Bank account at the end of eight years?

Calculating Future Values $[$ LO$1]$ For each of the following, compute the future value:

$\backslash$table$[[$Present Value,Years,Interest Rate$],[$$$2,597,11,13\%$