Find the following values for a lump sum assuming annual compounding:
A. What is the Future Value of $1000 invested at 6 percent for one year?
B. What is the Future Value of $1000 invested at 6 percent for three years?
C. What is the Present Value of $1000 to be received in one year when the opportunity cost rate is 6 percent?
D. What is the Present Value of $1000 to be received in three years when the opportunity cost rate is 6 percent?
Repeat the problem (A – D) above assuming semiannual compounding.