Question: Calculate the following values: (Show your work!) i. An initial investment of $500 compounded at 6% for 1 year. (2 marks) ii. An initial investment

Calculate the following values: (Show your work!) i. An initial investment

Calculate the following values: (Show your work!) i. An initial investment of $500 compounded at 6% for 1 year. (2 marks) ii. An initial investment of $500 compounded at 6% for 2 years. (2 marks) iii. The present value of $500 due in 1 year at 6%. (2 marks) iv. The present value of $500 due in 2 years at 6%. (2 marks)

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