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

question 68

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
• E)Cannot tell without additional information