Assume that Social Security promises you $35,000 per year starling when you retire 45 years from today (the first $35,000 will get paid 45 years from now) If your discount rate is 4%. compounded annually, and you plan to live for 12 years after retiring (so that you will receive a total of 13 payments including the first one), what is the value today of Social Security's promise? The value today of Social Security's promise is $. (Round to the nearest cent.)