Explore BrainMass

Explore BrainMass

    Present Value (PV)

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    A single person who has a high level of earnings and paid social security taxes throughout her life expects to retire at age 65 and receive $10,000 per year until she dies.

    Assume the person lives to age 80 and use a discount rate (10%) to find the present value of the benefit received by person when he retires.

    © BrainMass Inc. brainmass.com June 3, 2020, 8:16 pm ad1c9bdddf
    https://brainmass.com/business/annuity/131400

    Solution Summary

    This Solution contains calculations to aid you in understanding the Solution to this question.

    $2.19

    ADVERTISEMENT