SOLUTION: Hillary is considering retiring a job as a stock broker. Part of her employee benefits include a pension that is based on the average of her last five years. Her salaries from the

Question 1163522: Hillary is considering retiring a job as a stock broker. Part of her employee benefits include a pension that is based on the average of her last five years. Her salaries from the last five years were $77,455, $77,070, $75,947, $76,010, and $76,355. Her company will give her 2.4% of the average for each of the 27 years she worked. Calculate Hillary’s annual pension rounded to the nearest cent.
Found 2 solutions by solver91311, ikleyn:
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!

What is it that you don't understand about this question? What part is giving you difficulty?

John

My calculator said it, I believe it, that settles it

Answer by ikleyn(52832) (Show Source): You can put this solution on YOUR website!
.

People from finance and with any initial / (primary) financial education should understand such problems BETTER than the Mathematics tutors.

Otherwise, for what did they get their financial knowledge ?

It is WE, the Math tutors, should come to YOU, finance students for help with such problems.

Fortunately, we are not obliged to solve such problems (and to ask for help from you . . . )

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