At retirement lillian has 15 years of service and an, Finance Basics

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At retirement lillian has 15 years of service and an

Lillian has a defined benefit plan that promises an annual retirement benefit based on the average of her last three years of salary times 2 times years of service. At retirement Lillian has 15 years of service and an average salary over the last 3 years of $65,000. What will her annual benefit be?

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