a. Find the FV of $1,000 invested to earn 8% after 4 years. Round your answer to the nearest cent.

$ 1,360.49

c. Find the PV of $1,000 due in 4 years if the discount rate is 8%. Round your answer to the nearest cent.

$ 735.03

What will the FV and the PV for parts a and c be if the interest rate is 8% with semiannual compounding rather than 8% with annual compounding? Round your answers to the nearest cent.

FV with semiannual compounding: $ PV with semiannual compounding: $