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6. The XYZ corporation pension plan provides a lifetime annual income to its employees upon retirement...

6. The XYZ corporation pension plan provides a lifetime annual income to its employees upon retirement at age 65. The plan provides 3% for each year of service of the employee's salary upon retirement. Moreover, those retiring after 65 have their benefit increased by 1% for each year beyond 65 that they work.  

Caitlin retires at age 67 with 16 years of service. If her salary upon retirement is $51,930, what is her annual pension benefit?

Round your answer to the nearest dollar.

Math   Precalculus   
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