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Present Value Juan would like to give his newly born grandson a gift of $10,000 on his 18th birthday. Juan can cam 7% annual interest

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Present Value Juan would like to give his newly born grandson a gift of $10,000 on his 18th birthday. Juan can cam 7% annual interest on a cortificate of deposit How much must he deposit now In order to achieve his goal? In order to given his grandson $10,000 on his ten brinday, Juan nonds to deposts_ Round to the nearest cent) (Use your financial sekulalar! Although the result the calculator retums may be a negative number, the amount should be stated as a positive value Using the calculator, enter values t?) from the question in to you calculator

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