Assume that Social security promises you $32,000 per year starting when you retire 45 years ago from today (the first $3
Posted: Wed Mar 09, 2022 8:48 am
Assume that Social security promises you $32,000 per year
starting when you retire 45 years ago from today (the first $32,000
will get paid 45 years from now) If your discount rate is 8%,
compounded annually, and you plan to live for 13 years after
retiring (so that you will receive a total of 14 payments including
the first one), what is the value today of social security's
promise?
1- The value today of social security's promise is $____
starting when you retire 45 years ago from today (the first $32,000
will get paid 45 years from now) If your discount rate is 8%,
compounded annually, and you plan to live for 13 years after
retiring (so that you will receive a total of 14 payments including
the first one), what is the value today of social security's
promise?
1- The value today of social security's promise is $____