What rate of return will the person make

Reference no: EM13550411

A person who retires at age 62 can receive Social Security benefits of $1537 per month, but by waiting for the full retirement age of 66, the person will receive $2057 per month. What rate of return will the person make

(a) per month, and

(b) per year (nominal) by waiting for full retirement age, if the person collects SS benefits for a total of 20 years?

Reference no: EM13550411

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