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Find the following values for a single cash flow:
a. The future value of $500 invested at 8 percent for 1 year
b. The future value of $500 invested at 8 percent for 5 years
c. The current value of $500 to be received in 1 year when the opportunity cost rate is 8 percent.
d. The current value of $500 to be received in 5 years when the opportunity cost rate is 8 percent.
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explain the various types of costs
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