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What is trudy monthly payment at age sixty-five

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Problem 1: Trudy just turned 62 and is eligible to begin receiving Social Security payments. Her monthly payment at age 62 is $2,916.67. Trudy heard that her monthly payment increases by 8% for each year she waits to begin collecting, up until age 70. What is Trudy's monthly payment at age 65?

Reference no: EM132887650

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