Jack has $500 in his savings account today. He earns interest at 3% p.a. compounded quarterly. He leaves the money in the account and does not make another deposit. He needs n years to earn $1000 total interest. 1. Which of the following equations can be used to find n? (1 mark) 01500=500*(1+0.03/4)^n 01000=500*(1+0.03)^n 01500=500*(1+0.03/4)*4n 01000=500*(1+0.03/4)^n 01500=500*(1+0.03)^n 01000=500*(1+0.03/4)^4n 2. Calculate n. (1 mark) (Round your answer to 2 decimal places. Do not include units like "years" or "months". Do not use comma separators. For example, 1234.56 would be the correct format.)