Mrs. Chambers is 62 years old and plans to retire.

Over her life she earned an average of $2,500 per

month after adjusting for inflation. The formula for

calculating the full monthly Social Security benefits is

90% of the first $856 earned, then 32% of the

earnings over $856. What will her monthly benefit be

if her full retirement benefit is reduced by

approximately 30% for retiring before the age of 67