Concept explainers
Pension plans According to USA Today most pensions for state legislators are based on the product of the legislator’s years of service, compensation, and a multiplier (usually between
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Let p represent annual retirement pension; y, years of service; and c, average final compensation.
For someone with average final compensation of
For someone intending to retire after 30 years, write the linear equation that gives p in terms of c.
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Mathematical Applications for the Management, Life, and Social Sciences
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