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

question 48

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.If the first year's actual investment return is 9%, what is the starting benefit payment?

• A)$30,000.00
• B)$33,333.33
• C)$76,354.69
• D)$52,452.73

---

Definitions:

Courtship Dance

A series of movements or behaviors performed by some animals as part of mating rituals to attract a mate.

Operant Conditioning

A learning process wherein the likelihood of a behavior is increased or decreased through reinforcement or punishment.

Communication

The process of conveying meanings from one entity or group to another through the use of mutually understood signs, symbols, and semiotic rules.

Gibbon Society

The social structure and behavior of gibbons, which are small, arboreal apes known for their monogamous mating system and territorial songs.