12. Art is applying for CPP (Canada Pension Plan) at his current age of 72. He has contributed the full amount to CPP over his life- long career and would have qualified for $1028 per month at NRA (normal retirement age). Under the current CPP rules, an additional 0.7% per month is paid for retirement past NRA. How much (approximately) will he receive as a monthly CPP benefit having taken late retirement? $1,460 $0 $1,028 $1,546 $1,539

12. Art is applying for CPP (Canada Pension Plan) at his current age of 72 . He has contributed the full amount to CPP over his lifelong career and would have qualified for $1028 per month at NRA (normal retirement age). Under the current CPP rules, an additional 0.7% per month is paid for retirement past NRA. How much (approximately) will he receive as a monthly CPP benefit having taken late retirement? $1,460$0$1,028$1,546$1,539