You deposited $1,000 in a savings account that pays 6% interest, compounded annually, planning to use it to fund your education at UOP. Four years later, you decide to join the Mesquite Rodeo to become a bull rider rather than earn your degree, so you close your account. How much money will you receive?
A.	$1,265
B.	$1,262
C.	$4,375
D. $6,633
Answer:B
You deposited $1,000 in a savings account that pays 6% interest, compounded annually, planning to use it to fund your education at UOP. Four years later, you decide to join the Mesquite Rodeo to become a bull rider rather than earn your degree, so you close your account. How much money will you receive?
A.	$1,265 B.	$1,262 C.	$4,375 D. $6,633