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

question 78

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
• E)Cannot tell without additional information

Recognize the role of public policy in the validity of contracts.

Understand the evolution and historical context of the Statute of Frauds.

Understand the differences between Medicare and Medicaid, including target beneficiaries and benefits provided.

Identify federal, state, and local government transfer programs and their purposes.

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