Question: Problem 1: Find the following values for a lump sum assuming annual compounding (note: provide answer in full dollars/cents form, e.g., $123.45): a. The future
Problem 1: Find the following values for a lump sum assuming annual compounding (note: provide answer in full dollars/cents form, e.g., \$123.45): 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 recelved 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 Problem 1: Find the following values for a lump sum assuming annual compounding (note: provide answer in full dollars/cents form, e.g., \$123.45): 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 recelved 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
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