Maxwell is a plant manager at NV Electric Company. He has been employed there for 20
years and will be retiring at the end of this year. His pension is calculated on the average
of his last 4 years' salaries. In those years, he earned $85,000; $86,756; $88,888; and
$94,000. His employer will credit him 1.2% of that average for each year he worked.
Calculate Maxwell's pension, rounded to the nearest cent and use a $ in front of the
amount.