John worked for a company for 20

for 20

years before

becoming disabled. He planned to retire at 65, but

is currently 63. His final average salary was

$58,000. If his plan offers a benefits rate of 2%,

what is his monthly benefit?

Annual Years

Benefit Worked

Expected

• Retirement -
  

Final

Present

Rate of

x Average

Benefits

Age

Salary

Age

$[ ? ]

Round to the nearest whole dollar.