Jamie is investing $27,000 in an account paying 7.25% interest compounded quarterly. What will Jamie's account balance be in 14 years?

all of the measures need to be converted to the same measure; such as inches. if you do that it is easy to determine which is the longest, 2500 mm which is approximately 97.5 inches.

8.75

how-to:

first, we need to find what we have to work with.

since i know that we have 7 (years) and 0.8 (inches), we can use these to solve and find the equation!

secondly, what you want to do, is see that we need to know how much growth out of the 0.8 inches he got in only 1 year, instead of 7 years.

let's try to divide.

7 ÷ 0.8 = 8.75

i'll be glad to : )