A bank agrees to pay Mr. Pase $ 1,200 after three years when interest rates are compounding at 10% annually. What is the present value of this payment? For this question, please use the formula (that I required you to memorize) to represent it. You c not need to calculate the answer. I do not require timeline this time, but drawing it wou be greatly helpful. FV 1200 Yov- = (1+k) (1+0.10) FV 1200 PV=- = b. (1+k)" (1+0.10) c. PV=1200*(1+0.10)