help please Assume that Social Security promises you...
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help please
Assume that Social Security promises you $45,000 per year starting when you retire 45 years from today (the first $45,000 will get paid 45 years from now). If your discount rate is 4%, compounded annually, and you plan to live for 18 yours after retiring (so that you will receive a total of 10 payments including the first one), what is the value today of Social Security's promise? The value today of Social Securty's promise is $. (Round to the nearest cent)
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