Kinnunen Company wishes to give its customers three options on payments for office equipment when the initial purchase price is over a certain amount. For example, the following three payment plans are options on a typical purchase, and Kinnunen wants to be sure they are equivalent at their TVOM of 14 percent. Determine the values of Q and R.

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End of Year Option 1 Option 2 Option 3 0 $0 $0 $0 1,800 Q R 2 1,800 2Q (1.1)R 3 1,800 3Q (1.1)R 4 1,800 4Q (1.1)R 5 1,800 5Q (1.1)'R