Your employer uses a flat benefit formula to determine retirement payments to its employees. The fund pays

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Your employer uses a flat benefit formula to determine retirement payments to its employees. The fund pays an annual benefit of $ 2,500 per year of service. Calculate your annual benefit payments for 25, 28, and 30 years of service.

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Financial Markets and Institutions

ISBN: 978-0077861667

6th edition

Authors: Anthony Saunders, Marcia Cornett

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Question Posted: Jan 27, 2015 08:44 AM

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Your employer uses a flat benefit formula to determine retirement payments to its employees. The fund pays

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Financial Markets and Institutions

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