Question
1) What is the future value of $150/month for 35 years at 6.3% interest per year? 2) Using your own words, explain what CPP is,
1) What is the future value of $150/month for 35 years at 6.3% interest per year?
2) Using your own words, explain what CPP is, assuming the person you are explaining it to, has NEVER heard of it. Try to think about all the important points.
3) Using a simple example, explain how a defined benefit pension plan works.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
