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Social Security Problem Name: In the United States, if you have worked long enough, you can receive Social Security, a monthly payment based on your
Social Security Problem Name: In the United States, if you have worked long enough, you can receive Social Security, a monthly payment based on your earnings, and how old you are. Here is a typical payment schedule. For your calculations, use a interest rate of 4% Age 62 Age 66 Age 70 $ $ $ 1,400.00 per month 1,700.00 per month 2,000.00 per month $ $ $ 16,800 per year 20,400 per year 24,000 per year a. If your life expectency is expected to be 85, which is the better age to start taking Social Security. b. If your life expectency is expected to be 90, which is the better age to start taking Social Security. C. If your life expectency is expected to be 95, which is the better age to start taking Social Security
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