Hello and Good Morning/Afternoon:
Let's take this problem step-by-step:
Let's consider all the information given:
- Eddie's pension is based on the average of his last four year's salaries
[tex]\hookrightarrow \text{average } = \text {sum of all salaries} / \text{ number of years}\\ \hookrightarrow \text{average}= 392000 / 4 = 98000[/tex]
2. The employer will pay 1.2% of that average for each year he worked
[tex]\hookrightarrow \text{1.2 percent of average} = \frac{1.2}{100} *98000=1176[/tex]
3. The employer will therefore pay in total
[tex]\hookrightarrow \text{Total pension} = 1176 * 20 \text{ years} = 23520[/tex]
Answer: $23520
Hope that helps!
#LearnwithBrainly
