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