Question
Jabez, age 65, is contemplating whether to apply for his Old Age Security (OAS) benefit now or to defer it for 3 years. If Jabez
Jabez, age 65, is contemplating whether to apply for his Old Age Security (OAS) benefit now or to defer it for 3 years. If Jabez defers his benefit for 3 years, by what percentage would his pension increase?
a)0.6%
b)7.2%
c)21.6%
d)36.0%
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
13th edition
1111971633, 978-1111971632
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