Answer
$634.49$
Work Step by Step
$500(1 + \frac{0.06}{4})^{16}$
$500(1.015)^{16}$
$634.4927738$
Prealgebra (7th Edition)
by Martin-Gay, Elayn
Published by
Pearson
ISBN 10:
0321955048
ISBN 13:
978-0-32195-504-3
Chapter 7 - Section 7.6 - Calculator Explorations - Compound Interest Formula - Page 517: 5
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