Find the following values for a lump sum assuming semiannual compounding.

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

b. The future value of $500 invested at 8% for five years.

c. The present value of $500 to be received in one year when the opportunity cost rate is 8%.

d. The present value of $500 to be received in five years when the opportunity cost rate is 8%.

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