iMac Late 2006-Upgrading RAM
Hey everyone! This may sound like a really dumb question but I figured I'd ask anyway because I am not sure what to do. I am considering upgrading the RAM on my late 2006 20 inch iMac which I purchased in April 2007 so that I can instal Mac OS X Lion (it is already purchased for my macbook pro so I figured why not). Currently, it has what it came installed with which is 1GB of memory. When I first noticed this I figured I could just install an extra 1GB of memory to make 2GB and I would be good. However, it has come to my attention that the iMac (to the best of my knowledge) has 2 memory slots and that each one is filled with 512MB of RAM. Therefore, I would need to purchase TWO 1GB modules and replace both 512MB modules. So I have a few questions:
First, is this correct so far? I would need to buy 2 1GB modules and replace 2 512MB modules? If I only need to buy one please let me know and correct me.
Second, what can I do with the extra 1GB of RAM? If I have to replace the 512 MB modules what can I do with them once they are replaced? I don't really want to sell them and they are in perfectly good condition so is there anything I can use them for?
Thank you so much for reading.
iMac, Mac OS X (10.6.8), Late 2006, Intel Core 2 Duo