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David is a plant manager at South Salem Construction
Company. He has been employed there for 25 years
and will be retiring at the end of this year. His pension
is calculated on the average of his last 4 years' salaries.
In those years, he earned $92,000; $95,000; $115,000;
and $119,000. His employer will credit him 1.25% of
that average for each year he worked. Calculate David's
pension