Consider the following function:

A(P,r,n,t)=P(1+r/n)^nt

where the variables have the following meaning:

A= amount accumulated

P= principal

r= interest rate

n= compoundings per period

t= number of periods

Find the value of the function whenP=500, r=3.5%, n=12, andt=3

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(Round your answer to the nearest whole number.)

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