Proof by induction that $4^3+4^4+4^5+⋅⋅⋅+4^n = \frac{4(4^n-16)}{3}$

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I am stuck on this problem for my discrete math class.

Prove the equation by induction for all integers greater than or equal to $3$:

$$4^3+4^4+4^5+⋅⋅⋅+4^n = \frac{4(4^n-16)}{3}.$$

I know that base case $n=3$: $4^3=64$ as well as $4(4^3-16)/3 = 64$

My confusion is on the induction step where: $4^3+4^4+4^5+⋅⋅⋅+4^n+4^{(n+1)} = 4(4^{(n+1)}-16)/3$.

I don't know what to do next.

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When doing a proof by induction, I suggest you say so up front.

Label the base case and the inductive hypothesis. Here is your template.

Prove:

$4^3 + 4^4 + 4^5 \cdots 4^n = 4(4^n - 16)/3$

Proof by induction.

Base case:

$4^3 = 4(4^3-16)/6$

Inductive hypothesis:

Suppose, $4^3 + 4^4 + 4^5 \cdots 4^n = 4(4^n - 16)/3$

We must show that, $4^3 + 4^4 + 4^5 \cdots 4^{n+1} = 4(4^{n+1} - 16)/3$ based on the inductive hypothesis.

$4^3 + 4^4 + 4^5 \cdots 4^{n+1}\\ 4^3 + 4^4 + 4^5 \cdots 4^n + 4^{n+1}$

$\frac {4(4^n-16)}{3} + 4^{n+1}$ from the inductive hypothesis.

$\frac {4(4^n-16) + 3(4^{n+1})}{3}\\ \frac {4(4^n-16 + 3\cdot4^{n})}{3}\\ \frac {4(4^{n+1}-16)}{3}$

QED

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Hint: $$\color{red}{4^3+\cdots 4^n}+4^{n+1}=\color{red}{\frac{4(4^n-16)}{3}}+4\cdot4^{n}=\left(\frac43+4\right)4^n-4\cdot\frac {16}3$$

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By the induction hypothesis $$ 4^3+4^4+\ldots+4^n=\frac{4(4^n-16)}{3}=\frac{4^{n+1}-64}{3} $$ so $$ 4^3+4^4+\ldots+4^n+4^{n+1}=\frac{4^{n+1}-64}{3}+4^{n+1}=\frac{4^{n+1}-64+3\cdot4^{n+1}}{3}\\ =\frac{4\cdot 4^{n+1}-64}{3}=\frac{4^{n+2}-64}{3}=\frac{4(4^{n+1}-16)}{3} $$ QED