2. Find the present value of an ordinary annuity with regular quarterly opayments worth P1, 000 at 3% annual interest rate compouded quarterly at the end of 4 years.

Axel follows these steps to divide 40 by 9: start with 40. 1. divide by 9 and write down the remainder. 2. write a zero after the remainder. 3. repeat steps 1 and 2 until you have a remainder of zero. examine his work, and then complete the statements below.