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You have put into a savings account $1,000 at the bank. Your new savings account pays 8% interest that is compounded quarterly, because you plan

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You have put into a savings account $1,000 at the bank. Your new savings account pays 8% interest that is compounded quarterly, because you plan to use the money to finish your business degree at the University. Eighteen months later you decide instead to withdraw from school rather than to finish the degree and you withdraw all of your money and close your account. How much money will you have from your account? $1,083.10 $1.122.37 $1.127.05 $1.126.16 $1.104.08

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