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Assume that Social Security promises you $44,000 per year starting when you retire 45 years from today (the first $44,000 will get paid 45

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Assume that Social Security promises you $44,000 per year starting when you retire 45 years from today (the first $44,000 will get paid 45 years from now). If your discount rate is 10% 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)

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