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Social security makes monthly payments to you starting one month after you stop working. It pays $8000 per month for the first six years (72
Social security makes monthly payments to you starting one month after you stop working. It pays $8000 per month for the first six years (72 months) and $1000 per month thereafter. If you plan to live for 30 years (360 months) after not working, and your discount rate is 2.30% (APR), what is the value of this plan on the day that you stop working?
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