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Business, 15.07.2020 06:01 224509

Your employer uses a career average formula to determine 6 Points retirement payments to its employees. The annual retirement payout is 3 percent of the employees' career average salary times the number of years of service. Assuming you want to retire at the end of the year, calculate your annual retirement benefit using the information supplied. Year Worked Salary Year Worked Salary Year Worked Salary Year Worked Salary 1981 $6,598 1990 $20,994 2000 $50,856 2010 $85,321 1982 $13,559 1991 $22,446 2001 $56,243 2011 $90,549 1983 $14,349 1992 $24,879 2002 $60,012 2012 $94,056 1984 $14,999 1993 $21,397 2003 $62,564 2013 $98,546 1985 $16,884 1994 $26,553 2004 $66,457 2014 $100,549 1986 $17,552 1995 $29,547 2005 $72,564 2015 $99,446 1987 $18,667 1996 $33,865 2006 $76,219 2016 $101,146 1988 $19,325 1997 $35,468 2007 $78,234 1989 $21,886 1998 $39,451 2008 $82,994 1999 $42,338 2009 $84,567

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