If $1,000 is invested today, how much will it grow to in 3 years, assuming a 6% annual interest rate with quarterly compounding?

$1,000 1.015 to the twelfth power

$1,000 X 1.06 to the third power

$1,000 X 1.015 to the twelfth power

$1,000 1.06 to the third power