Question: Brian turned 60 years old today and has retired from Bell Canada. The current economic value of his pension is his most significant asset. He

Brian turned 60 years old today and has retired from Bell Canada. The current economic value of his pension is his most significant asset. He will be receiving pension payments of $60 000 every year. Money earns 4% compounded annually. Based on an 82-year life expectancy and money depreciating at 1.5% annually, calculate the current economic value of Brian's pension.

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