Find the following values for a lump sum assuming semiannual compounding: and quarterly compounding:
a. The future value of $500 invested at 8 percent for one year
b. The future value of $500 invested for five years
c. The present value of $500 to be received in one year when opportunity cost rate is 8 percent
d. The present value of $500 to be received in five years when opportunity cost rate is 8 percent.