Compute the present value of a $500 investment made 6 months, 5 years, and 10 years from now at 6 percent interest. (Remember the exponent for the 6 month calculation is expressed as 0.5, representing one-half of one year.)

Instructions: Enter your responses to the nearest penny (2 decimal places). Do not round intermediate calculations.

Present value of investment made in 6 months at 6 percent = $

Present values of investment made in 5 years at 6 percent = $

Present value of investment made in 10 years at 6 percent = $