Find the value for a single cash flow when the present value of $500 to be received

Question:

Find the value for a single cash flow when the present value of $500 to be received in one year when the rate is 8%
Opportunity Cost
Opportunity cost is the profit lost when one alternative is selected over another. The Opportunity Cost refers to the expected returns from the second best alternative use of resources that are foregone due to the scarcity of resources such as land,...