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.

what is the question here

step-by-step explanation:

3/4 ÷ 3/4

step-by-step explanation:

basically divide any proper fraction with itself to fit the criteria.

so if we are using 3/4, then:

3/4 ÷ 3/4 = 1

so 1 is the quotient.

and the numerators for both these fractions is 3.   and if we divide the numerators:

3 ÷ 3 = 1

we see that quotient is equal to our original quotient as well.

the correct option is b

step-by-step explanation: