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Present value ( with changing years ) . When they are first born, Grandma gives each of her grandchildren a $ 5 , 0 0

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 4%?
a. Seth turned fourteen years old today.
b. Shawn turned thirteen years old today.
c. Sherry turned ten years old today.
d. Sheila turned five years old today.
e. Shane was just born.
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