2 Determine the present value as of January 1, 2022 of a $1,200 payment received every three months for five years beginning on April 1, 2022 assuming a discount rate of 8%. Selected Answer: $11,782 Question 3 Determine the present value as of January 1, 2022 of a $1,200 payment received every three months for five years beginning on January 1, 2022 assuming a discount rate of 8%. Selected Answer: $11,782