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Assume that Social Security promises you $ 4 0 , 0 0 0 per year starting when you retire 4 5 years from today (
Assume that Social Security promises you $ per year starting when you retire years from today the first $ will be paid years from now If your discount rate is compounded annually, and you plan to live for years after retiring so that you will receive a total of 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
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