Multiple Choice Question

What is the present value of $$100$ today, $$200$ at the end of Year $1,$ and $$300$ at the end of Year $2$ if the interest rate is $8$ percent per year?

$$521\mathrm{.}16$

$$542\mathrm{.}39$

$$502\mathrm{.}21$

$$587\mathrm{.}94$