Question: Shandra has a choice between a flat benefit at retirement equal to $ 3 , 0 0 0 times her years of service, or a

Shandra has a choice between a flat benefit at retirement equal to $3,000 times her years of service, or a career average formula of 4 percent of her average salary times her years of service. Shandra expects to work for 46 years. At what average salary would she be indifferent between the two alternatives?

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