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Congratulations, you have just been employed! You now have a choice between a flat benefit at retirement equal to $4,000 times your years of service,

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Congratulations, you have just been employed! You now have a choice between a flat benefit at retirement equal to $4,000 times your years of service, or a career average formula of 3.50% of your average salary times your years of service. You expect to work 40 years. At what average salary would you be indifferent between the two alternatives? $160,000 $145,444 $114,286 $101,104 $88,889

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