Peterson Products calculates its pension benefits as follows: Years of service 1.98% multiplier Average of
Question:
Years of service × 1.98% multiplier × Average of last two annual salaries
What is Mary's monthly pension benefit if she worked for Peterson for 28 years and her last two annual salaries were $78,000 and $80,000?
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Related Book For
Financial Algebra advanced algebra with financial applications
ISBN: 978-0538449670
1st edition
Authors: Robert K. Gerver
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