1.John has a defined benefit contribution pension.Upon his retirement he will have 30 years of service with his employer and his pension contributes at 2% per year of service.John's pension calculates based on his three best years of income. Assume John retires at normal retirement age therefore there will be no deduction from his maximum pension amount what can John expect as income from this pension.

His last 10 years of salary are:

2007 - $100,000

2008 - 102,000

2009 - 102,000

2010 - 105,000

2011 - 105,000

2012 - 107,000

2013 - 109,000

2014 - 110,000

2016 - 102,000

2017 - 81,000