Question: Present value (with changing years): When they are first born Grandma gives each of her grandchildren a $4,500 savings bond that matures in 18 years.

Present value (with changing years):

When they are first born Grandma gives each of her grandchildren a $4,500 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 4.5%

a. Seth turned sixteen years old today

b. Shawn turned eleven years old today c. Sherry turned nine years old today

d. Sheila turned three years old today

e. Shane was just born .

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