Problem 3 At an annual percentage rate (APR) of 16%, compounded quarterly, what is the present…

Problem 3
At an annual percentage rate (APR) of 16%, compounded quarterly,
what is the present value of an income stream specified as follows?
It pays $60 next quarter and grows at 2% per quarter until the end
of the third year, and from that point on it grows at 1% per
quarter indefinitely