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 $282.54 $232.00 $281.72 $268.87 $286.03 You need to have $33,750 in 11 years. You can earn an annual interest rate of 6 percent for the first 3 years, 6.6 percent for the next 2 years, and 7.3 percent for the final 6 years. How much do you have to deposit today? Multiple Choice $16,339.68 $17,779.08 $13,262.27 $16,902.91 $16,045.59