Answer:
=705.79
Step-by-step explanation:
F=P(1+i)n where F is the Future amount P is the Present amount/Capital i is the interest rate n is the number of periods.
In this case you have the given as follows:
P = $500 i = 9% n = 4 years
Substituting the values to the formula you'll have:
F=500(1+0.09)^4
=705.79
