please give me answer with equation

8) Consider the following timeline: Date 2 $500 ? $500 Cash flow If the current market rate of interest is 8%, then the value as of year 1 is closest to: A) $0 B) $1003 C) $540 D$77 E) $40 ) To compute the future value of a cash flow, you must A) discount it. B) compound it. C) double it. D) arbitrage it. E) first find the present value