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6. An employer uses a career average formula to determine retirement payments to its employees. The annual retirement payout is 4 percent of an employee's

6. An employer uses a career average formula to determine retirement payments to its employees. The annual retirement payout is 4 percent of an employee's career average salary times the number of years of service. Calculate the annual benefit payment under the following scenarios.

Years WorkedCareer Average Salary

30$55,000

3362,000

3564,000

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