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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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