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You made a single deposit of $1,000 in a savings account that pays 8%/year compounded quarterly. Eighteen months later you close out your account. Approximately,

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You made a single deposit of $1,000 in a savings account that pays 8%/year compounded quarterly. Eighteen months later you close out your account. Approximately, how much money can you withdraw? (Hint: How many quarters are in 18 months...careful?] O $1,151 $1,248 $1,126 $1,778

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