Suppose that certain operation expenditures were expected to be (0) at the end of the first 3 months, $1000 at the end of second 3 months, and to increase by $1000 at the end of each 3 months period...

Extracted text: Suppose that certain operation expenditures were expected to be (0) at the end of the first 3 months, $1000 at the end of second 3 months, and to increase by $1000 at the end of each 3 months period thereafter for a total of (4) years. It is desired to find the equivalent uniform payment at the end of each of the (16th) 3-months periods if interest is 20% compounded quarterly.