Multiple Choice Question

How is the future value of $$500$ invested for one year at $6$ percent annual interest computed?

Multiple choice question.

FV $=$ $$500\backslash$times $(1\mathrm{.}06)12$

FV $=$ $$500+$ $$500\backslash$times $(1+0\mathrm{.}06)$

FV $=$ $$500/(1+0\mathrm{.}06)1$

FV $=$ $$500\backslash$times $(1+0\mathrm{.}06)1$