5. Mario will be making a lump sum payment of PHP1.6 million on the condominium he is buying two years from now. If he wants to set aside funds from now and invest it that will earn interest of 3%, net of taxes every year and this amount is compounded annually, how much does he need to invest today? 6. Using the question above, what if the interest is compounded semi-annually, how much does he need to invest today? 7. What is the present value of the following cash flow stream if the interest is 6%? Year Cash Flow 1 300 2 400 3 500 8. What is the present value of a 3-year annuity of PHP100 if the discount rate is 6%