Question (2): (4 Marks) 1- An investment pays $400 in one year, X amount of dollars in two years, and $500 in three years. The total present value of all the cash flows (including X) is equal to $1,500. If (i) is 6 percent, what is X? (2 Marks) 2. Calculate the future value of $12,000 invested today for 3 years if your investment pays 8% compounded semiannually. (1.0 Mark) - Calculate the present value of $9,000 received 6 years from today if your investment pays 12% compounded quarterly. (1.0 Mark)