1. Distinguish between discounting and compounding. (3 marks) 2. Determine the present value of P3,300 that you will receive in 8 years at an interest rate of 5%. (3 marks) 3. Comment briefly on how and why managers can exercise financial control. (4 marks) 4. Summarize how net present value and internal rate of return are used to make investment decisions. (4 marks)