You can invest in an account that pays simple interest or an account that pays compound interest. In either case, you plan to invest $2,900 today and both accounts have an annual interest rate of 8 percent. How much more interest will you receive in the 11th year in the account that pays compound interest? Multiple Choice $268.87 O $282.54 O $286.03 O O $232.00 O $281.72 You want to have $82,000 in 17 years to help your child attend college. If you can earn an annual interest rate of 3.8 percent, how much will you have to deposit today? Multiple Choice $40,084.88 $41,904.58 $43,496.95 $23,949.76 $38,174.66