7. Carlos Primero is a 30-year old employee earning P400,000 per annum. He intends to retire at the age of 40 so that he can engage in his own business. However, he would want to earn a fixed income from a portfolio to maintain his current standard of living. Inflation rate is 4% and investments are expected to realize 8% per annum. How much must be the value of his portfolio at the age of 40? 8. Assuming that the value of Carlos Primero's portfolio at the age of 40 should be P6,000,000, how much should be his target savings goal? 9. Inasmuch as Carlos in No. 7 will be able to live on P150,000 per month upon retirement, what should be the rate of return on the portfolio if he can afford to contribute P100,000 per annum only