Kalila Winston worked for a software company for 26 years. She became permanently disabled and could no longer keep her job. She was 52 years old and had planned to work until she was 62. Her final annual salary was $43,000. Her rate of benefits is 2%. What is Kalila’s monthly disability benefit to the nearest dollar? Can't seem to get it right my answer was $30,960 but its still incorrect please explain

Question

texaschic101 · Answer

2% of 43,000 = .02(43,000) = 860 per year
divide by 12 to get per month
860/12 = 71.666 rounds to 72

I am not sure if I did this correctly...do you know what the answer is supposed to be ?

texaschic101 · Answer

@Loser66 ...can you take a peek at this please

texaschic101 · Answer

I don't think it matters that she " planned " to work till age 62.....because she didn't...she lost her job at age 52...so I just think that is add info that is not needed

texaschic101 · Answer

@Nnesha ...help

texaschic101 · Answer

@freckles ...

texaschic101 · Answer

somebody will be here soon...be patient...you have to understand that there are many people on this site and a person can't be everywhere at one time.

texaschic101 · Answer

@ganeshie8 ...

texaschic101 · Answer

@kropot72

texaschic101 · Answer

$72 per month just seems very little...not sure if I did it right

texaschic101 · Answer

@Hero

texaschic101 · Answer

I am sorry but I have to go now.....good luck

nnesha · Answer

but i'm pretty sure you have to use interest formula

anonymous · Answer

What was the answer?/.\