Assume That at Retirement You Have Accumulated $825,000 in a Variable

question 4

Multiple Choice

Assume that at retirement you have accumulated $825,000 in a variable annuity contract.The assumed investment return is 5.5%, and your life expectancy is 18 years.If the first year's actual investment return is 7%, what is the starting benefit payment?

• A)$30,000.00
• B)$74,401.95
• C)$51,481.38
• D)$52,452.73

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Completely New Market

An entirely untapped or recently created market space that has not been served by existing products or services.

Early Adopters

Individuals or businesses who use or adopt new products, services, or technologies early in their life cycle, often influencing others in their purchasing decisions.

Opinion Leaders

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The process by which a new idea, product, or behavior spreads through a population or social system over time.