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Question 1 9 You deposited $ 1 , 0 0 0 in a savings account that pays 8 percent interest, compounded quarterly, planning to use

Question 19 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?
$1126.16
$1163.92
None of the answers in this list is within $0.20 of the correct answer.
$1082.61
$1008.06
$1171.32

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