Gen is interested in seeing how the money grows.

Gen is interested in seeing how the money grows. Her mom suggests that she take the money in her piggy bank....

Gen is interested in seeing how the money grows. Her mom suggests that she takes the money in her piggy bank and deposits it in a local bank paying 8.5% compounded quarterly. IF she finds $700 in the piggy bank, how much will it grow to in 10 years?

would i multiply the 8.5% by 4 then use the FV formula?