Andrew decides to wait until age 65 to begin receiving Social Security benefits. Find the present value of his estimated $26,000 per year in payment assuming 6% per year and payment until his 90th birthday.
a. $265,263.20
b. $332,3667.36
c. $338,082.42
d. $281.059.48
2 answers
Can you please walk me through this problem.
d 281,059.48
0 answers