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Dora who had been working for Fortis BC has retired today. Current economic value of her pension is his significant asset. Dora will be receiving
Dora who had been working for Fortis BC has retired today. Current economic value of her pension is his significant asset. Dora will be receiving pension payments of $84 000 every year. Based on a 22-year life expectancy and money worth 8% compounded annually and money depreciating at 2% annually, calculate the current economic value of Dora's pension. Question 8 options: $740 932 $877 326 $1 001 884 $1 234 888 $832 256
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