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

---

Definitions:

Semantic Encoding

The process of converting information into a meaningful context, allowing for better retention and recall.

Visual Encoding

The process of converting images and visual sensory information into memory storage.

Levels Of Processing Theory

A theory suggesting that the depth (shallow to deep) of mental processing affects memory recall, with deeper processing leading to longer-lasting memory retrieval.

Neurogenesis

The process of generating new neurons in the brain, which occurs in specific regions and is crucial for learning, memory, and brain repair.