The following values are given:

P = $500 is the principle

i = 0.05 or 5% annual rate

t = 10 years

A = is the future value that we want find

The formula for the future value is:

A = P(1 + i)^t

We plug the values in the formula to find the future value:

A = 500(1 + 0.05)^10

........

click here to see the calculation

A = $814.45

The future value of $500 per year for 10 years compounded annually at 5% is $814.45.