(Solution) - The Morning Sun offers employees 1 65 of the average of -(2025 Original AI-Free Solution)

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The Morning Sun offers employees 1.65% of the average of their last three years of annual compensation for each year of service. Ramon began working for the Morning Sun in 1988. He retired in 2010. In 2008, he made $76,000 per year. Thereafter, he received a 3% salary increase each year until he retired. How much was his annual retirement benefit?