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Q3: 6 marks) Tony wishes to retire. He has earned his full pension and can retire early with no loss in pension. He will give

Q3:

6 marks) Tony wishes to retire. He has earned his full pension and can retire early with no loss in pension. He will give up an $85,000 annual salary and receive $44,000 in pension payments. Currently, he commutes to work on the TTC.

Perform a cost-benefit analysis to support Tonys decision considering both financial and non-financial issues.

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