For this case we have the following function:
A (t) = P (1 + r / n) ^ nt
Substituting values we have:
A (5) = 500 * (1 + 0.06 / 12) ^ (12 * (5))
A (5) = 674.4250763
Rounding we have:
A (5) = 674.43
Answer:
The answer for this case is given by:
A (5) = 674.43
option B
