Determine the equation of the circle graphed below.

Center : (7,-1)
Radius 2

The equation of a circle with center (h,k) and radius r is given by:

(x-h)^2 + (y-k)^2 = r^2

Substitute the given values into the equation:
(x-7)^2 + (y+1)^2 = 2^2
(x-7)^2 + (y+1)^2 = 4

Therefore, the equation of the circle is:
(x-7)^2 + (y+1)^2 = 4