Answer :

MrRoyal

The worth of the investment is $1.51 * 10^39

How to determine the compound amount?

The given parameters are

Principal, P = $500

Rate, r - 4%

Time, t = 7 years

Number of times, n = 12

So, we have:

A(t)=P*e^nt

This gives

A(12) =  500 *e^(12 * 7)

Evaluate

A(12) = 1.51 * 10^39

Hence, the worth of the investment is $1.51 * 10^39

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