An old student of a school has decided to make annual contribution of Ghe 1,000,000 to the school management towards a five (5) year capital improvement programme. The old student immediately made the first payment, and paid the rest at the end of the next four years. The expected rate of interest will average 18%. Required: How much funds should the old student invest today to ensure that s/he will be able to meet the commitment to his/her alma-mater.