(Please scroll down, I need help with problem 9.2)

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

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

Future Value=$500 * (1+0.08) ^1

Future Value=$540

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

Future Value=$500 * (1+0.08) ^5

Future Value=$734.66

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

Present Value=$500/(1+0.08) ^1

Present Value =$462.96

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

Present Value=$500/(1+0.08) ^5

Present Value =$340.29

9.2 Repeat Problem 9.1 above, but assume the following compounding conditions:

Semiannual

Quaterly