6) Andy received $1000 as a gift from his relatives and wants to invest the money. He chooses to put the money in an investment account that earns 3.16% interest compounded quarterly. How much will the account be worth in 7 years? Set up the problem, simplify as much as you can by hand, finally finish with a calculator. If you don't have a calculator, leave your answer as if you were about to type it into a calculator