You deposited $1,000 in a savings account that pays 8 percent interest, compounded quarterly, planning to use it to your 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? $1, 171 $1, 126 $1, 082 $1, 163 $1,008