Question: Present value (with changing years). When they are first born, Grandma gives each of her grandchildren a $3000 savings bond that matures in 18 years.

Present value (with changing years). When they are first born, Grandma gives each of her grandchildren a $3000 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 5.5%? a. Seth turned 14 years old today. b. Shawn turned 12 years old today. c.Sherry turned 9 years old today. d. Sheila turned 3 years old today. e. Shane was just born

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