If you must calculate the present value of an amount at 12% compounded quarterly for 2 years, then the interest factor used in the calculation is

Question 1 options:

	3% for eight periods
	12% for eight periods
	the interest factor for 12% for two periods divided by 4
	None of these choices

Question 7 options:

	$10,000
	$12,950
	$13,587
	$14,237