Can someone show me the formula to solve these questions please.
Find the following values for a single cash flow
B. The future value of $500 invested at 8 percent for five year
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D. The present value of $500 to be received in five years when the opportunity cost rate is 8 percent|||B. The future value of $500 invested at 8 percent for five year
FV = R x (1+i)^n
FV = 500 x (1+0.08)^5
FV = 500 x (1.08)^5
FV = 500 x1.4693280768
FV = $734.66
D. The present value of $500 to be received in five years when the opportunity cost rate is 8 percent
PV = R/(1+i)^n
PV = 500/(1+0.08)^5
PV = 500/(1.08)^5
PV = 500/1.4693280768
PV = $340.29
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