Mathematics, 11.04.2020 04:50 BlackAfro17
Brenda plans to become a high school teacher and work from the time she is 25 until she is 60. Her school district offers a defined benefit pension plan which pays 1.65 percent of final earnings multiplied by years worked. Brenda knows that teachers with 35 years of experience make about $50,000 per year in her district. How much can Brenda plan to receive as an annual pension in today’s dollars?
A. $28,875
B. $24,750
C. $32,500
D. $27,500
Answers: 1
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Brenda plans to become a high school teacher and work from the time she is 25 until she is 60. Her s...
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