Your friend was supposed to repay a loan with a loan payment of $1,400 due one year ago and another loan payment of $2,800 due in four years. However, your friend agrees to make two payments that replace the originally scheduled payments. The first replacement payment $X is due now and the second payment of $3,200 is due in five years. Suppose the interest is 4.5% p.a. compounded daily and the focal date is now, your friend asks for your help to determine the size of the first replacement payment, $X. Answer the following question: If the focal date is today, which variable does payment $2,800 represent? (Choose from FV, PV, n, $3,200 is due in five years. Suppose the interest is 4.5% p.a. compounded daily and the focal date is now, your friend asks for your help to determine the size of the first replacement payment, $X. Answer the following question: the focal date is today, which variable does payment $2,800 represent? (Choose from FV, PV, n, or i)