The Morning Sun offers employees 1.65% of the average of their last 3 years of annual compensation for each year of service. Ramon began working for the Morning Sun in 1990. He retired in 2016. In 2014, he made $80,000 per year. Thereafter, he received a 5% salary increase each year until he retired. How much was his annual retirement benefit?
(10 points)
DA. $28,899.92
B.$41,320.19
C. $47,161.40
D. $28,324.92