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  1. Find the following values for a lump sum assuming annual compounding:
  • 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.

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