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Present value(with changingyears). When they are firstborn, Grandma gives each of her grandchildren a $5,000 savings bond that matures in 18 years. For each of
Present value(with changingyears). When they are firstborn, Grandma gives each of her grandchildren a $5,000 savings bond that matures in 18 years. For each of the followinggrandchildren, what is the present value of each savings bonds if the current discount rate is 6%?
a.Seth turned fifteen years old today.
b. Shawn turned thirteen years old today.
c.Sherry turned eight years old today.
d. Sheila turned five years old today.
e. Shane was just born.
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