Question: I am completely lost on this chapter. Bonds and amortized bonds and discounts I completely crashed on, can someone help me through steps of figuring

I am completely lost on this chapter. Bonds and amortized bonds and discounts I completely crashed on, can someone help me through steps of figuring this out so I can apply it to my homework later this week?

Present Value - Classroom Situation Exercise

Reference Exhibits 4 and 5 (pages 559 and 560, respectively):

Today your son is 12 years old. Your son will also begin college on his 18^thbirthday.

He will need $10,000 at the beginning of each year of college (freshman, sophomore, junior, and senior years).

At the present time you are able to find an investment fund paying 6% interest.

How much money must you invest today so your son will have the appropriate $10,000 available at the beginning of each year in college?

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