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Royalty payments (discrete end of period) for the next 15 years will be $5,000 per year for the first 5 years, $9,000 per year for

Royalty payments (discrete end of period) for the next 15 years will be $5,000 per year for the first 5 years, $9,000 per year for the next 4 years and $12,000 per year for the last 6 years. What uniform annual payment for the next 15 years is equivalent to the described non-uniform series of royalty payments assuming 10% is compounded annually?

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