Jerry says, “I’ve got my money in a great account that compounds interest monthly. The equation $y = 388\left(1.008\right)^{m}$ represents how much money I have at the end of any month.” What is Jerry’s monthly interest rate? Write an equation to represent your total money if you invest $$500$ in an account with the same rate of return. Let $m$ represent the number of months the money has been invested.