Assume that the probability of a driver getting into an accident is 8.6%, the
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Answer:
$3900.
Step-by-step explanation:
If retirement is taken at the age of 67 years, income = $1300 per month.
% Loss, if retirement taken at the age of 62 years = 25% per month
Loss in dollars per month if retirement taken at the age of 62 years = 25% of Monthly income if retirement is taken at the age of 67 years
We know that there are 12 months in an year.
So, annual loss in total annual income over one year:
Loss in dollars per month 12 :
325 12 = <em>3900$</em>