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Julie wishes to draw down her Canada Pension retirement benefit early. The penalty for early withdraw is 0.6% per month. If Julie were to wait
Julie wishes to draw down her Canada Pension retirement benefit early. The penalty for early withdraw is 0.6% per month. If Julie were to wait until the age of 65, he CPP retirement benefit would be $900 per month. How much will Julie receive per month if she draws down her pension starting at age of 62?
a.770
b.884
c.706
d.802
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