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Assume that Social Security promises you $45,000 per year starting when you retire 45 years from...

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 7 % compounded? annually, and you plan to live for 17 years after retiring? (so that you will receive a total of 18 payments including the first? one), what is the value today of Social? Security's promise?

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jeff jeffy answered 1 year ago
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