8-year-old genius Lisa Simpson deposited $100 today and plans to continue to deposit an additional $100 into a private offshore account that pays a tax-free 6% nominal annual rate at the end of each quarter for the next 13 years. After 13 years of making 53 deposits, Lisa uses the money to go to Europe "to find herself". 

How much money will Lisa have for her future European trip? Round your answer to the nearest dollar.

Answer rating: 100% (QA)

Lisa will make 53 deposits of 100 each so the total amount she will ... View the full answer