Present value (with changing years). When they are first born, Grandma gives each of her grandchildren a $3,000 savings bond that matures in 18 years. For each of the following grandchildren, what is...

Extracted text: Present value (with changing years). When they are first born, Grandma gives each of her grandchildren a $3,000 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 sixteen years old today. b. Shawn turned twelve years old today. c. Sherry turned nine years old today d. Sheila turned four years old today. e. Shane was just born. a. Seth just turned sixteen years old today and the current discount rate is 4%. What is the present value of his savings bond? (Round to the nearest cent.)