Answer
$\$591,230$.
Work Step by Step
Inflation rate $r=3\%=0.03$.
The value today $C=\$510,000$.
Time $t=5$ years.
The formula is $S=C(1+r)^t$.
Substitute all values
$S=510,000(1+0.03)^{5}$
$S=510,000(1.03)^{5}$
$S=591229.777893$
$S=\$591,230$.
