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

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

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

. 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.