This is huge. Maybe you meant 500 mL. L is liter, and mL is milliliter.
500 L = 16907.01 fluid ounces, while 500 mL = 16.9071 fluid ounces.
For approximations, remember 5 mL is 1 teaspoon, 15 mL is 1 tablespoon, and
30 mL is 1 fluid ounce.
Using these approximations, you would arrive at 500 mL is 16.667 fluid ounces, which is about 1.4% off from the actual value.
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