Question: What is life expectancy is 85?: . How much is Mike's pension worth in today's dollars? Mike's MLB pension provides him with $34,000 per year

What is life expectancy is 85?: . How much is Mike's pension worth in today's dollars? Mike's MLB pension provides him with $34,000 per year starting at age 62. This amount is fixed for life and is not inflation-adjusted. Pension worth today: Since the pension is already defined, the value in today's dollars is simply $34,000 annually. However, the present value of the pension would require a calculation based on his expected lifespan, but based on the given information, the annual pension value Mike would receive in today's dollars is $34,000

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