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You deposited $1,000 into a savings account that pays 8% interest, compounded quarterly , planning to use it to finish last year in college. Eighteen

You deposited $1,000 into a savings account that pays 8% interest,compounded quarterly, planning to use it to finish last year in college. Eighteen months later, you decide go to the Rocky Mountains to become a ski instructor rather than continue in school; so you close your account. How much money will you receive?

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