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An employee with 30 years of service at a company is considering retirement at some point in the next 15 years. The employees uses a
An employee with 30 years of service at a company is considering retirement at some point in the next 15 years. The employees uses a flat benefit formula by which the employee receives an annual benefit payment of $3,000 times the number of years of service. For retirement now, in 10 years, and in 15 years, the employees annual retirement benefit payment will be? (Saunders & Cornett 6th Edition Chapter 18).
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