Suppose you deposit $1,000 into an account which pays 4% annual interest, compounded quarterly. Approximately how long will it take for the amount of money in the account to double?

The number of years will be 5 years

Explanation:

The number of years will be computed using the excel formula as:

=Nper(rate,pmt,pv,fv,type)

where

Nper is number of years

rate is 4%

But is compounded quarterly, So,

rate = 4% × 4

rate = 16%

pmt is $0

pv is Present value which is -$1,000

fv is future value which is $2,000 (as it will get doubled)

Putting the values above:

=Nper(4%× 4,0,-1000,2000,0)

= 4.67 years or 5 years

Therefore, the amount will get double in 5 years

$2.00 for three shots.

according to the song of roland, the characteristics of an ideal knight are: loyalty to the king, skilled warriors and horseman, valiant, bold, courageous, strong and proud in battle. they should be determined to fulfil their duties and willing to die to make their people safe.