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QUESTION
I need the following values for a lump sum:
I need
the
following
values
for
a
lump
sum:
-
The
future
value
of
$500
invested
at
8
percent
for
one
year
-
The
future
value
of
$500
invested
at
8
percent
for
five
years
-
The
present
value
of
$500
to
be
received
in
one
year
when
the
opportunity
cost
rate
is
8
percent
-
The
present
value
of
$500
to
be
received
in
five
years
when
the
opportunity
cost
rate
is
8
percent
assuming:
a.
Annual
compounding
b.
Semiannual
compounding
c.
Quarterly
compounding
