Ashley is attempting to estimate the present value at retirement of her CPP income of $8,000 that she will receive in the year that she retires. To discount this, she is using the return on her current investments of 7%. Currently inflation is at 5% She estimates that she will live for 25 years after retirement. What is the value of her CPP income at retirement?

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To estimate the present value of Ashleys CPP income at retirement we need to discount the future inc... View the full answer