A report by the Government Accountability Office (GAO) shows that the GAO expects the U.S. Postal Service to lose a record $7 billion at the end of this year, and if the business model is not changed, the losses will total $241 billion by the end of year 10. If the losses increase uniformly over the 10-year period, determine the following:

(a) The expected increase in losses each year

(b) The loss 5 years from now

(c) The equivalent uniform worth of the losses at an interest rate of 8% per year