Question: Provide a well typed clear quality solution with step by step, answers should be complete and zero plagiarism An amortization of a debt is in

Provide a well typed clear quality solution with step by step, answers should be complete and zero plagiarism

An amortization of a debt is in the form of a gradient

An amortization of a debt is in the form of a gradient series of $6,000 in the first year, $5,000 in the second year, $4,000 in the third year, $3,000 in the fourth year. Interest rate is given as 10%. Determine the future and present amounts semi-annually.

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year 1 2 3 4 5 6 cashflow 6000 5000 4000 3000 2000 1000 discounting factor 090703 082270 074622 0676... View full answer

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