You are planning to put $$1,000$ in the bank at the end of each year for the next eight years in hopes that you will have enough money for a new boat.

If you are investing at an annual interest rate of $6\%,$ how much money will you have at the end of eight years$-$rounded to the nearest whole dollar?

$$10,491$

$$7,918$

$$9,897$

$$11,876$

You've decided to deposit your money in the bank at the beginning of the year instead of the end of the year, but now you are making payments of

$$1,000$ at an annual interest rate of $6\%.$ How much money will you have available at the end of eight years$-$rounded to the nearest whole dollar?

$$14,687$

$$7,344$

$$9,897$

$$10,491$