Find the following values for a lump sum assuming

a. Semiannual compounding

and

b. Quarterly compounding

for the following

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

'- 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