Question 1153508
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One year growth factor is


    f = {{{e^0.0375}}} = {{{2.71828^0.0375}}} = 1.038212.



So, 5 years future value is  {{{500*1.038212^5}}} = 603.16 dollars;


    10 years future value is  {{{500*1.038212^10}}} = 727.50 dollars;


    20 years future value is  {{{500*1.038212^20}}} = 1058.50 dollars;


    40 years future value is  {{{500*1.038212^40}}} = 2240.85 dollars.
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