Assume That at Retirement You Have Accumulated $500,000 in a Variable

question 14

Multiple Choice

Assume that at retirement you have accumulated $500,000 in a variable annuity contract.The assumed investment return is 6% and your life expectancy is 15 years.What is the hypothetical constant benefit payment

• A)$30,000.00
• B)$33,333.33
• C)$51,481.38
• D)$52,452.73
• E)Cannot tell without additional information

Understand the concept of speciation and the role of geographic and reproductive isolation in the process.

Describe the mechanisms of sympatric and allopatric speciation.

Identify various reproductive isolating mechanisms and their significance in evolution.

Explain the significance of Darwin's finches in studying evolution and adaptive radiation.

---

Definitions:

Weighted-Average Method

An inventory valuation technique that calculates the cost of inventory by taking the average cost of all similar items present in the inventory.

First-In, First-Out Method

An inventory valuation method whereby the oldest inventory items are recorded as sold first, thus the cost of items purchased first is charged against revenue earlier.

Equivalent Units

A concept used in cost accounting to convert units of production into a common measure.

First-In, First-Out Method

An inventory valuation method where the oldest inventory items are recorded as sold first, leaving the newest inventory in stock.