Use technology to compute the balance in each of the following accounts.

a$.$ An account with annual$$ compounding, an APR of $14\%,$ and an initial deposit of $$$$500,$ after $4$ years

b$.$ An account with annual$$ compounding, an APR of $3\%,$ and an initial deposit of $$$$216,$ after $538$ years

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Part $1$

a$.$ After $4$years$,$ the balance obtained by investing $$$$500$ at a rate of $14\%$ with annual$$ compounding, will be $$$

$$

enter your response here.

$($Round to the nearest cent as$$ needed.$)$