You deposited $1,000 in a savings account that pays 8 percent interest, compounded monthly, planning to use it to finish your last year in college. Twenty-three months later, you prefer to be a scuba diving instructor at Key West rather than continue in college; therefore, you close out your account. How much money will you receive? Select one: a. $1,165 b. $1,011 c. $1,174 d. $1,126 e. $1,085