Assume that Social Security promises you $42,000 per year starting when you retire 45 years from today(the first $42,000 will get paid 45 years fromnow). If your discount rate is 9 %, compoundedannually, and you plan to live for 16 years after retiring(so that you will receive a total of 17 payments including the firstone), what is the value today of SocialSecurity's promise?

round to the nearest cent