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Assume that Social Security promises you $31000 per yearstarting when you retire
If you deposit $1 into a bank account that pays 5.2% per yearfor three years the
September 15, 2020A customer judges a product offering by three basic elements:product features an
September 15, 2020Assume that Social Security promises you $31000 per yearstarting when you retire 45 years from today (the first $31000will come 45 years from now). If your discount rate is 10%compounded annually and you plan to live for 12years afterretiring (so that you will get a total of 13 payments including thefirst one) what is the value today of Social Securityspromise?
