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wered Question 1 of 3.50 A retirement plan offers a career average retirement benefit where a member will receive, upon retirement at age 60, an

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wered Question 1 of 3.50 A retirement plan offers a career average retirement benefit where a member will receive, upon retirement at age 60, an annual pension of 2.5% per year of service of the average annual salary received through the member's years of service. John joins the plan on May 1, 2012, with an initial salary of 40,000 per year. His salary will increase by 3.5% each subsequent May 1. John will retire on April 30, 2047. Suppose that now it is May 1, 2022. Calculate the portion of John's annual retirement pension that is due to past service. lolo 15,049.7 19.049.7 20.049.7 25.049.7 d

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