The appropriate discount rate for the following cash flows is 8 percent compounded quarterly. What is the present value of the cash flows?

Year	Cash Flow
1	$800
2	700
3	0
4	1,000

question 2:

Suppose an investment offers to triple your money in 36 months (don't believe it).What rate of return per quarter are you being offered?

7.15%

8.63%

9.59%

12.98%

10.55%

3. You just paid $352,000 for a policy that will pay you and your heirs $12,400 a year forever. What rate of return are you earning on this policy?

3.79 percent

1.95 percent

3.40 percent

3.52 percent

3.29 percent