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

question 45

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
• E)Cannot tell without additional information

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