Question: Present value (with changing years). When they are first born, Grandma gives each of her grandchildren a $5,000 savings bond that matures in 18 years.

Present value (with changing years). When they are first born, Grandma gives each of her grandchildren a

$5,000

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

6.5%?

a.Seth turned

fourteen

years old today.b. Shawn turned

twelve

years old today.c.Sherry turned

ten

years old today.d. Sheila turned

four

years old today.

e. Shane was just born.

a. Seth just turned

fourteen

years old today and the current discount rate is

6.5%.

What is the present value of his savings bond?

$nothing

(Round to the nearest cent.)

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