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[5 Points] You've gone to the My Social Security website and determined that if you continue your current earnings level, and retire at age 62,

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[5 Points] You've gone to the "My Social Security" website and determined that if you continue your current earnings level, and retire at age 62, you will draw $1,062 per month, which is $12,744 per year. Assuming you live until age 87, you will draw that annual benefit for 25 years. If you could earn 5% annual interest during retirement, what would be the equivalent present value amount of that annual benefit when you retire at age 62

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