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Question
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?
A. $160,000
B. $145,444
C. $114,286
D. $101,104
E. $98,976
Answer
This answer is hidden. It contains 31 characters.
Related questions
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