Chapter 9 - Section 9.3 - Exponential Functions - Exercise Set - Page 560: 50

$661.03

$A=P*(1+\frac{r}{n})^{n*t}$ $t=4*12$ $P=500$ $r=.07$ $n=12$ $A=P*(1+\frac{r}{n})^{n*t}$ $A=500*(1+\frac{.07}{12})^{4*12}$ $A=500*(1+.0058333)^{48}$ $A=500*(1.00583333)^{48}$ $A=500*1.3220538$ $A =661.02694$ $A=661.03$