Problem 2 (8 marks) 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)