wawa82
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After 29 years Ms. Payson is getting ready to retire from teaching. As part of her employee benefits
her school will give her a pension that is based on the average of her three highest salaries while she
taught. Her three highest salaries were $54,900, $55,300 and $56,700. They will give her 2.1% of that
average for every year worked. Calculate Ms. Payson's annual pension, round to the nearest cent if
needed

Respuesta :

znk

Answer:

[tex]\boxed{\mathbf{\$33880.70}}[/tex]

Step-by-step explanation:

1. Calculate the average salary

[tex]\text{Average salary} = \dfrac{\text{Sum of salaries}}{\text{Number of salaries}} = \dfrac{\$54900 + \$55300 + \$56700}{3}\\\\= \dfrac{\$166900}{3} = \$55633.33[/tex]

2. Calculate the pension

[tex]\text{Pension} = 29 \times 0.021 \times \$55633.33 = \mathbf{\$33880.70}\\\\\text{ Ms. Payson's annual pension will be $\boxed{\mathbf{\$33880.70}}$}[/tex]

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