Find the following values for a lump sum assuming annual compounding: a. The future value of $500…

Find the following values for a lump sum assuming annual compounding:

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a. The future value of $500 invested at 8 percent for one year

b. The future value of $500 invested at 8 percent for five years

c. The present value of $500 to be received in one year when the opportunity cost rate is 8 percent

d. The present value of $500 to be received in five years when the opportunity cost rate is 8 percent