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Nancy Drew worked for mystery company from 1974-2016. Nancy participated in Mystery's defined benefit pension...

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Accounting

Nancy Drew worked for mystery company from 1974-2016. Nancy participated in Mystery's defined benefit pension plan for the past 25 years of her employment. Nancy retires in 2016 at age 65. Nancy's average compensation from 2005-2008 ( her three highest earning years) was 255,000. What is Nancy Drew's maximum annual benefit under the company retirement plan? Explain.

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