You deposited $1,000 in a savings account that pays 8 percent interest, compounded quarterly, planning to use it to finish your last year in college. Eighteen months later, you decide to go to the Rocky Mountains to become a ski instructor rather than continue in school, so you close out your account. How much money will you receive?

A). $1,171

B). $1,126

C). $1,082

D). $1,163

Answer rating: 100% (QA)

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