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Present value (with changing years). When they are first born, Grandma gives each of her grandchildren a $3,500 savings bond that matures in 18 years.
Present value (with changing years). When they are first born, Grandma gives each of her grandchildren a $3,500 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 6%? 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. :..-IL. a. Seth just turned fourteen years old today and the current discount rate is 6%. What is the present value of his savings bond? $ (Round to the nearest cent.)
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