The formula for this is: A=P(1+r/n)^(nt)
A = amount in the account
P = amount you start with
r = rate it is compounded
t = time (in years)
n = number of times per year
Since you are looking for A, you can solve right away.
A = $1,000(1+0.05)^(5)
A = $1276.28
