future valueYou have $400 to invest. If you put the money into an account earning 4% interest compoundedannually, how much money will you have in 9 years? How much money will you have in 9 years if the account pays 4% simpleinterest?

If you put the money into an account earning 4% interest compoundedannually, after 9 years you will have $______. (Round to the nearestcent.)