Question: P3-9 (similar to) Present value (with changing years). When they are first born, Grandma gives each of her grandchildren a $3,500 savings bond that matures

P3-9 (similar to) Present value (with changing years). When they are

P3-9 (similar to) Present value (with changing years). When they are first born, Grandma gives each of her grandchildren a $3,500 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 1895? a. Seth turned sixteen years old today. b. Shawn turned eleven years old today. c. Sherry turned ten years old today. d. Sheila turned five years old today. e. Shane was just born. a. Seth just turned sixteen years old today and the current discount rate is 6%. What is the present value of his savings bond? (Round to the nearest cert)

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