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):
Answer by ikleyn(52831)  (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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