With regard to the future value of investment, consider the following two investment plans and give assessment that which plan generates more money in terms of amount and interest?

a. If you put $1,000 into an investment paying 08 percent interest compounded semi- annually, how much will your account grow to in 10 years? How much interest you will earn in 10 years period?

b. If you invest $500 in a bank where it will earn 20 percent interest compounded quarterly, how much will it be worth at the end of 7 years? How much interest you will earn in 07 years period?