Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Question
D4)
Jason has participated in a 2% per year of service, career-average, defined benefit pension plan for the last three years. During those three years, his annual salaries were $25,000, $30,000 and $35,000. What annual pension entitlement has Jason earned to date? O a) $600 O b) $1,800 O c) $2,100 d) $30,000
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Transcribed Image Text:Jason has participated in a 2% per year of service, career-average, defined benefit pension plan for the last three years. During those three years, his annual salaries were $25,000, $30,000 and $35,000. What annual pension entitlement has Jason earned to date? O a) $600 O b) $1,800 O c) $2,100 d) $30,000
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