Find the following values for a single cash flow:
a) The future value of $500 invested at 8% for 1 year.
b) The future value of $500 invested at 8% for 5 years.
c) The present value of $500 to be received in 1 year when the opportunity cost rate is 8%.
d) The present value of $500 to be received in 5 years when the opportunity cost rate is 8%.
Show you work (e.g. if you use the online calculator I linked in the Time Value of Money tutorial either show a screenshot of the numbers you entered or give the website address and not the numbers you input).