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  3. a series of quarterly cash flows starts with a cas

A series of quarterly cash flows starts with a cash flow of $1,000 on April...

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Accounting

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A series of quarterly cash flows starts with a cash flow of $1,000 on April 1, 1982, and is expected to continue through July 1,1994. Each cash flow has been $50 greater than the one preceding it. This increase is expected to continue. Use an interest rate of 16% with quarterly compounding, and determine the amount of each cash flow in an equivalent series of equal quarterly cash flows if the first cash flow in the equivalent series is to occur on April 1,1987, and the last on October 1,1994

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