Determine the size of the periodic payment of the following ordinary general annuity.

Future Value Payment Period Term of Annuity Interest Rate Conversion

$$16,000$

$1$ year

$6$ years

$6\mathrm{.}6\%$

Period

quarterly

The periodic payment is $

$($Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.$)$