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Question Help Assume that Social Security promises you $32,000 per year starting when you retire 45 years from today (the first $32,000 will get paid

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Question Help Assume that Social Security promises you $32,000 per year starting when you retire 45 years from today (the first $32,000 will get paid 45 years from now). If your dincounttate in 7%.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 Securty's promise? The value today of Social Security's preences $(Round to the nearest cent)

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