You deposited $1,000 in a savings account with a simple interest rate of 8 percent,...

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You deposited $1,000 in a savings account with a simple interest rate of 8 percent, compounded quarterly, planning to use it to finish your degree. Two years later, you decide to go to the Rocky Mountains to become a ski instructor rather than continue in school, so you dose out your account. How much money do you find in your account when you close it

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