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2. Bowden's employer offers a pension plan that calculates the annual pension as the product of the final 3-year average salary, the number of years

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2. Bowden's employer offers a pension plan that calculates the annual pension as the product of the final 3-year average salary, the number of years of service, and a 2% multiplier. His employer uses a graded 6-year vesting formula as shown. After 5 years, Bowden decides to leave his job. His average salary was $50,000. How much pension will he receive? Years Employed 0 1 2 Vesting Percentage 0% 0% 20% 40% 60% 80% 100% 3 4 5 6 0 1 2 3 4 0% 0% 20% 40% 60% 80% 100% 5 6 $5.000 $4.000 OOOO $3.000 $4,500

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