Question: I need to set up the following problem in Excel- But I am unsure how and what fuctions to use- PROBLEM 1 Find the following

I need to set up the following problem in Excel- But I am unsure how and what fuctions to use-

PROBLEM 1 Find the following values for a lump sum: - The future value of$500 invested at 8 percent for one year - The future value of $500 invested at 8 percent for five years - The present value of $500 to be received in one year when the opportunity cost rate is 8 percent - The present value of $500 to be received in five years when the opportunity cost rate is 8 percent assuming: a. Annual compounding b. Semiannual compounding c. Quarterly compounding ANSWER

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