Jabez, age 65, is contemplating whether to apply for his Old Age Security (OAS) benefit now or

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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 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%

Related Book For answer-question

Personal Financial Planning

ISBN: 978-1111971632

13th edition

Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley

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Posted Date: Mar 24, 2022 08:37 AM

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Jabez, age 65, is contemplating whether to apply for his Old Age Security (OAS) benefit now or

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Expert Answer:

b72 Once when the pensioner turns 80 years or above an additional pension is increased between 20100 ... View the full answer

Personal Financial Planning

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