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Assume that you inherited some money. A friend of yours is working as an unpaid intern at a local brokerage firm, and her boss is selling some securities that call for 4 payments, $50 at the end of each of the next 3 years, plus a payment of $1,050 at the end of year 4. Your friend says she can get you some of these securities at a cost of $900 each. Your money is now invested in a bank that pays an 8 percent annual (quoted) interest rate, but with quarterly compounding. You regard the securities as being just as safe, and as liquid, as your bank deposit, so your required effective annual rate of return on the securities is the same as that on your bank deposit. You must calculate the value of the securities to decide whether they are a good investment. What is their present value to you?
Okay i've tried everything and i just can't seem to get the answer, i know its $893.16 because the answer is given but how do you go about getting it? Please help becuase i have a test coming up and i really need to know how to do this stuff. Thank you!!
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PV and Effective Annual Rate Problem 
FINANCE HOMEWORK HELP
