msoto5847 msoto5847
  • 18-02-2020
  • Business
contestada

When they are first​ born, Grandma gives each of her grandchildren a ​$4 comma 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 4.5​%?

Respuesta :

kaympoey08
kaympoey08 kaympoey08
  • 20-02-2020

Answer:

The answer is $1811.20

Explanation:

PV = C( 1+i)^-n

PV = 4000(1.045)^-18 = $1811.20

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