Bob and Jim are common-law partners who have been living together for 15% of the time that they each contributed to the CPP. In order to achieve some income-splitting, they decided to assign their CPP benefits. Bob died in August at 62 years of age; Jim was 60 years of age at the time. What statement is true? a)The assignment of CPP benefits will cease on December 31st b) The assignment of CPP benefits will cease in the month of Bob's death. c) They were not eligible to assign their CPP benefits because they were living as same-sex, common-law partners. O d) They were not eligible to assign their CPP benefits because they were under the age of 65.

When he turned 65 years old, Alberto used his savings of $50,000 to purchase a term certain annuity to age 90. As a result, he will receive payments of $330 at the beginning of each month. What is the nominal annual interest rate with monthly compounding that this investment yields? 28 a) 6.17% b) 6.31% O c) 6.50% O d) 7.12%