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linear equation for the annual benefit in terms of age

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56. If you earned an average of $25,000 over your working life and you retire after 2005 at age 62, 63, or 64, then your annual Social Security benefit will be $7,000, $7500, or $8000 respectively (www.ssa.gov). There is a linear equation that gives the annual benefit b in terms of age a for these three years. Find the equation.

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Solution Summary

The solution explains how to find the linear equation that relates the annual benefit after retirement with age in detail.

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Assume the equation is b=am+c

Now we substitute (62, 7000), (63, 7500), (64, 8000) into the ...

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