1. Derive the formula relating present worth and ordinary annuity using geometric series.

2. How much should I expect a lump sum from a deal at the end of 3 years if I start investing today at amount of Php 2,000.00 every 3 months within with a ROR of 1.5% compounded quarterly? Provide complete solution and cash flow diagram.

Please do not use excel, just write the solution and answers