Jack has worked for his employer for 25 years and was making $50,000 at the time he retired. His employer uses 2% to determine the amount of retirement income employees will earn. Based on this information how much will Jack earn each year after her retires?
A) $12,000
B) $12,500
C) $25,000
D) $50,000
E) $62,500
Correct Answer:
Verified
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