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

question 61

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.If the first year's actual investment return is 8%,what is the starting benefit payment?

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

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