question 8\nplease make sure to properly format your answers. all dollar figures in the answers need to…

question 8\nplease make sure to properly format your answers. all dollar figures in the answers need to include the dollar sign and any amount over 1,000 should include the comma ($2,354.67). if you have a negative value for dollar figures, the negative sign come first (-$2,354.67). all percentage values in the answers need to include a percentage sign (%).\nas part of their employee benefits, all workers at light and power electric company receive a pension that is calculated by multiplying the number of years worked times 3.061% of the average of their three highest years salaries. mia has worked for lpec for 21 years and is retiring. her highest salaries were $69,250, $73,405, and $76,341. calculate mias pension.\n

question 8\nplease make sure to properly format your answers. all dollar figures in the answers need to include the dollar sign and any amount over 1,000 should include the comma ($2,354.67). if you have a negative value for dollar figures, the negative sign come first (-$2,354.67). all percentage values in the answers need to include a percentage sign (%).\nas part of their employee benefits, all workers at light and power electric company receive a pension that is calculated by multiplying the number of years worked times 3.061% of the average of their three highest years salaries. mia has worked for lpec for 21 years and is retiring. her highest salaries were $69,250, $73,405, and $76,341. calculate mias pension.\n

Answer

Explanation:

Step1: Calculate the average of the three highest - year salaries

The formula for the average of three numbers (a), (b), and (c) is (\bar{x}=\frac{a + b + c}{3}). Here, (a = 69250), (b=73405), (c = 76341). (\bar{x}=\frac{69250+73405 + 76341}{3}=\frac{218996}{3}\approx72998.67)

Step2: Calculate the pension amount

The pension formula is (P=y\times r\times\bar{x}), where (y) is the number of years worked, (r) is the rate (in decimal form), and (\bar{x}) is the average salary. Given (y = 21), (r=0.03061) (since (3.061%=3.061\div100 = 0.03061)), and (\bar{x}\approx72998.67) (P=21\times0.03061\times72998.67) First, (21\times0.03061 = 0.64281) Then (P=0.64281\times72998.67\approx47027.38)

Answer:

($47,027.38)