You have passed Go and collected $$500.$ You plan to invest this money in a financial instrument that will give you $8\%$ interest compounded annually and you plan to keep this investment for $10$ years. What amount of money $($to nearest dollar$)$ would you have after $10$ years?

A$.$ $$580$

B$.$ $$778$

C$.$ $$1,079$

D$.$ $$1,600$