Assume that Social Security promises you $$$$43$ comma $000$ per year starting when you retire $45$ years from today$($the first $ $43$ comma $000$ will be paid $45$ years from$$ now$).$ If your discount rate is $8\%,$ compounded$$ annually, and you plan to live for $14$ years after retiring$($so that you will receive a total of $15$ payments including the first$$ one$),$ what is the value today of Social$$ Security's promise?

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Part $1$

The value today of Social$$ Security's promise is $$$

$$

enter your response here. $($Round to the nearest$$ cent.$)$