Question: Harry has a defined benefit plan that promises an annual retirement benefit based on the average of his last five years of salary times 2.5%

Harry has a defined benefit plan that promises an annual retirement benefit based on the average of his last five years of salary times 2.5% times years of service . At retirement Harry Harry has 21 years of service and an average salary over the last 5 years of 95,000.00 . What will his annual benefit be ?

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