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I am having trouble with the following problem. When they are born, Grandma gives each of her grandchildren a $2500 savings bond that matures in 18...

This question was answered on Jan 24, 2013. View the Answer
I am having trouble with the following problem. When they are born, Grandma gives each of her grandchildren a $2500 savings bond that matures in 18 yrs. For each of the the following grandchildren, what is the present value of each savings bond if the current discount rate is 4%?

a. Seth turned 16 yrs old today
b. Shawn turned 13 yrs old today
c. Sherry turned 9 yrs old today
d. Sheila turned 4 yrs old today
e. Shane was just born

What formula would I use?
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I am having trouble with the following problem. When they are born, Grandma gives each of her grandchildren a
$2500 savings bond that matures in 18 yrs. For each of the the following grandchildren,...

This question was asked on Jan 23, 2013 and answered on Jan 24, 2013.

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