No excel and please write clearly. Thank you.

4. A new equipment installed has been drastically improved the production processes in the last 6 months. The amount of scrap reduction over a period of 6 months in dollars is given in table below. Determine the present worth of scrap reduction over a period of 6 months. Assume an interest rate of 10% per year compounded monthly. Month Scrap reduction in $ 1 20K 2 22K 3 24K 4 225K 5 28K 16 30K 4. A new equipment installed has been drastically improved the production processes in the last 6 months. The amount of scrap reduction over a period of 6 months in dollars is given in table below. Determine the present worth of scrap reduction over a period of 6 months. Assume an interest rate of 10% per year compounded monthly. Month Scrap reduction in $ 1 20K 2 22K 3 24K 4 225K 5 28K 16 30K