You deposited $1,000 in a savings account that pays 8 percent interestcompounded 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 schoolso you close out your accountHow much money will receive?

$1163.92

$1008.06

$1171.32

$1126.16

None of the answers in this list is within $ 0.20 of the correct answer.

$ 1082.61