Answer:
The student didn't convert the interest rate of 3.5% to decimal form. The correct calculations are:
[tex]a = 500(1 \times \frac{0.035}{4} {}) {}^{4 \times 2} [/tex]
[tex] = 500(1.00865) {}^{8} [/tex]
[tex]536.09[/tex]
The student didn't convert the interest rate to decimal form. The correct answer is $536.09.
