Use this information to answer the following question. 
What is the present value of receiving $1,200 at the end of each year for three years at a 12% interest rate?
Definitions:
Reward Strategy
A plan designed by an organization to recognize and reward employee performance, often incorporating both financial and non-financial incentives.
Intrinsic Awards
Non-monetary rewards that derive from the nature of the work itself, such as personal achievement or professional growth.
Optimal Reward Strategy
The best approach to rewarding employees in a way that maximizes motivation and organizational performance.
Intrinsic Rewards
The fulfillment and satisfaction gained from accomplishing a task that aligns with one's passions or interests, motivating from within.
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