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You deposited $1,000 in a savings account that pays 8 percent interest, compounded quarterly, planning to use it as a down payment for a car.
You deposited $1,000 in a savings account that pays 8 percent interest, compounded quarterly, planning to use it as a down payment for a car. Two years later, you decide to withdraw the money from the account for an emergency. How much money will you get (round your answer to the nearest integer)?
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