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An employer uses a career average formula to determine retirement payments to its employees. The annual retirement payout is 7 percent of the employees' career

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An employer uses a career average formula to determine retirement payments to its employees. The annual retirement payout is 7 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 23 26 28 Career Average Salary $75,000 77,500 79,000 Years Worked Annual Benefit 23 26 28

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