Assume that Social Security promises you $ 4 3 comma 0 0 0 per year starting when
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Question:
Assume that Social Security promises you $ comma per year starting when you retire years from todaythe first $ comma will be paid years from now If your discount rate is compounded annually, and you plan to live for years after retiringso that you will receive a total of payments including the first one what is the value today of Social Security's promise?
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The value today of Social Security's promise is $
enter your response here. Round to the nearest cent.
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