The Better-bit Construction Company has a series of equal, quarterly cash flows of $1,200, starting with a cash flow on January 1, 2013 and ending on...

The Better-bit Construction Company has a series of equal, quarterly cash flows of $1,200, starting with a cash flow on January 1, 2013 and ending on July 1, 2016. Using an interest rate of 16% and quarterly compounding, determine the single amount on January 1, 2013 equivalent to the total cash flow