If I invest $5000 in a savings bond, earning 7% interest per year. What is an equation I could write that would express the compound amount of the bond for any given year? What will the compound amount of the bond be in 5years?

Thanks

Simple as this. Thank you www.about.com

http://math.about.com/library/blcompoundinterest.htm

5000 * (1.07 ^ t)
5000 * (1.07 ^ 5) = 7012.76