Assume That at Retirement You Have Accumulated $750,000 in a Variable

question 1

Multiple Choice

Assume that at retirement you have accumulated $750,000 in a variable annuity contract.The assumed investment return is 9%, and your life expectancy is 25 years.What is the hypothetical constant-benefit payment?

• A)$30,000.00
• B)$33,333.33
• C)$51,481.38
• D)$76,354.69

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Definitions:

Equator

The imaginary line that divides the Earth into northern and southern hemispheres.

Metaphase

A stage of cell division (mitosis and meiosis) where chromosomes align in the middle of the cell before being separated into each of the two daughter cells.

Interphase

The phase of the cell cycle in which the cell prepares for division by replicating its DNA and increasing in size, consisting of the G1, S, and G2 phases.

Membrane Channel Protein

Proteins that allow the passage of ions and molecules across cell membranes.