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XYZ Corporation has 3 employees: Peter Parker, Miles Morales, and Gwen Stacy. Peter is 35 years old and earns $80,000; Miles is 46 years old
XYZ Corporation has 3 employees: Peter Parker, Miles Morales, and Gwen Stacy. Peter is 35 years old and earns $80,000; Miles is 46 years old and earns $125,000; and Gwen is 55 years old and earns $165,000. XYZ Corporation wants to contribute a total of $100,000 in their profit- sharing plan. How much would each employee receive? Use 7.5% as the discounting percentage and the normal retirement age (67) for all employees
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