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The future value of 500 invested at 8 percent for one year

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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.

Reference no: EM13482883

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