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Suppose $1000 is deposited on January 1, 2012 and will remain in the account until December 31, 2012. The account will earn interest at 8

Suppose $1000 is deposited on January 1, 2012 and will remain in the account until December 31, 2012. The account will earn interest at 8 perfect per year but the interest is compounded quarterly. Calculate the future value.

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