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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

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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 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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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%? 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. a. Seth just turned fifteen years old today and the current discount rate is 6%. What is the present value of his savings bond? (Round to the nearest cent.) b. Shawn just turned thirteen years old today and the current discount rate is 6%. What is the present value of his savings bond? $ (Round to the nearest cent.) c. Sherry just turned eight years old today and the current discount rate is 6%. What is the present value of her savings bond? $ (Round to the nearest cent.)d. Sheila just turned ve years old today and the current discount rate is 6%. What is the present value of her savings bond? $l: (Round to the nearest cent.) 9. Shane was just born and the current discount rate is 6%. What is the present value of his savings bond'? $l: (Round to the nearest cent.)

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