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

Provide 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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