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An employer uses a career average formula to determine retirement payments to its employees. The annual retirement payout is 8 percent of the employees’ career average salary times the number of years of service. Calculate the annual benefit payment under the following scenarios.

Years Worked Career Average Salary

27 $68,000

30 70,500

32 72,000

Years Worked Annual Benefit

27 $

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91600512

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