Gary wants to leave a before$-$tax amount of $$25,000,$ in current dollars, In his RRIF as a charitable bequest to his church.

A major assumption in Gary and Nancy's retirement plan is that real estate values will continue to rise. They are counting on their principal residence having a market value of $$2\mathrm{.}5$ million at the time of their deaths. The property was purchased by Gary during his first marriage so$,$ ultimately, he would like to see the house passed on to Charlene and his grandchild.

Assumptions

Gary and Nancy will live for another $26$ years inclusive of this year.

Unless otherwise stated, Gary and Nancy are each assumed to be in a $36\%$ combined marginal tax bracket for the remainder of their lives

Inflation is expected to be an annual rate of $2\mathrm{.}5\%.$

Investment returns for all investments are assumed to be $7\%.$

The OAS clawback threshold for this year is $$77,580.$

The maximum monthly OAS benefit from this year forward will remain fixed at $$601\mathrm{.}45$

The maximum monthly CPP benefit from tipis year forward will remain fixed at $$1,154\mathrm{.}58.$

The maximum monthly CPP benefit $18$ mohiths ago was $$1,134,17$

The net $3$ years ago: $$54,900$;$2$ years ago: $$55,300$; last year: $$55,900$

remain fixed threshold for enhanced Registered Education Savings Plan CESG payments will

$-............$

How much of a monthly retirement pension benefit can Nancy expect to receive at age $65$ based strictly on her membership in her employer's registered pension plan?

a$)$ $$1,098\mathrm{.}18$

b$)$ $$1,514,43$

c$)$ $$2,036\mathrm{.}97$