Question: 3-9 (similar to) EQuestion Help Present value (with changing years). When they are first bom, Grandma gives each of her grandchildren a $2,000 savings bond
3-9 (similar to) EQuestion Help Present value (with changing years). When they are first bom, Grandma gives each of her grandchildren a $2,000 savings bond that matures in 18 years. For each of the following grandchildren, what is the present value of each savings bonds if the current discount rate is 5 %? a. Seth tuned fifteen years old today b. Shawn tured eleven years old today. c. Sherry turned eight years old today. d. Sheila tuned five years old today. e. Shane was just born. a. Seth just turned fifteen years old today and the current discount rate is 5 %. What is the present value of his savings bond? S(Round to the nearest cent.)
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