14. Hillary's employer offers an annual pension benefit for employees that have
exceeds 10 that the employee has worked for the company, Hillary's salary for
multiplying 5.08% of the career average
salary by
the number
of years that
worked for the company
for more than 10 years. The benefit is calculated by
the first 5 years was $26,745.
After that she earned the following salaries:
29,000
35,000
29,400
35,000
30,100 32,500 32,500
35,000
35,000
33,200
33,400
34,700
36,700 38,000 39,000 39,500
a. What is Hillary's career average salary?
b. What is Hillary's annual pension under this plan?
c. What percentage of her final annual salary will her annual retirement
salary be? Round your answer to the nearest
percent.