Julie's employer has a defined benefits retirement plan which pays 3.2 percent of her last year's salary for each year of employment.Julie estimates her final salary will be $85,000,and she will have worked for 20 years.What is her expected retirement benefit? (Show all work.)

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The Answer of Julie's employer has a defined benefits retirement plan which pays 3.2 percent of her last year's salary for each year of employment.Julie estimates her final salary will be $85,000,and she will have worked for 20 years.What is her expected retirement benefit? (Show all work.)

Julie's Employer Has a Defined Benefits Retirement Plan Which Pays