Question: Hello, this is a practice problem for a class I'm struggling with. The professor isn't much help, I'd really appreciate if someone here can answer

Hello, this is a practice problem for a class I'm struggling with. The professor isn't much help, I'd really appreciate if someone here can answer this and break it down so I can follow the logic and see where I'm going wrong with these problems.

Hello, this is a practice problem for a class I'm struggling with.

The ABC corporation pension plan provides a lifetime annual income to its employees upon retirement at age 65. The plan provides 2% for each year of service of the average of the employee's earnings for their last 2 years on the job. Mark retires at age 65 with 19 years of service. His earnings for his last 2 years were $59,051 and $56,837. What is his annual pension benet? Round your answer to the nearest dollar

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