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Congratulations, you have just been employed! You now have a choice between a flat benefit...

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Accounting

Congratulations, you have just been employed! You now have a choice between a flat benefit at retirement equal to 2,000 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?

Select one:

a.

80,000

b.

72,722

c.

57,143

d.

50,552

e.

49,488

Answer & Explanation Solved by verified expert
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