John worked for a company for 20
for 20
years before
becoming disabled. He planned to retire at 65, but
is currently 63. His final average salary was
$58,000. If his plan offers a benefits rate of 2%,
what is his monthly benefit?
Annual Years
Benefit Worked
Expected
+ Retirement -
Final
Present
Rate of
x Average
Benefits
Age
Salary
Age
$[ ? ]
Round to the nearest whole dollar.