What is the excel formula to build an equation which multiplies the percentage of a number?

Question

I need the excel formula to do the following equation:

$30,000 increased by 3.75% for the next five years. This is needed for pro forma calculation and I need the amount for each year for the next five years increasing 3.75% per year.

Thanks

Answer 1

A1:  30000

A2:  = A1*1.0375

A3:  = A2*1.0375

and so on