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00 per year starting when you retre 45 years from today the first S50 000 wil get pa d 45 rears from now) If your discount rate is 6%, compounded annually, and you plan to live fr 18 years after so that you will receive a total of 19 payments including the first one). what is the value today of Social Securitys promise?

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Answer #1

The value today of social security's promise is $ 42,963.81

re us amnualu men S The Pv -4니 50,000 (1-(Hou) ニー833,333.331 L 833333.33 Co.cc 9486)u, we meed do di Vn back en Pvwu SS7, 905.82 557, 905.82 12.985y

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