To quickly calculate powers of i, remember that i has a cyclical pattern every four exponents: i^0 = 1, i^1 = i, i^2 = -1, and i^3 = -i. This means that for any exponent n, you can find the equivalent power of i by determining the remainder of n when divided by 4. The result will correspond to one of the four values based on the remainder: 0, 1, 2, or 3. For example, i^587 can be simplified to i^3, which equals -i. Understanding this cycle allows for efficient calculations of i raised to any power.