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

question 16

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) The answer cannot be determined from the information provided.

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Definitions:

Internal Attributions

The process of explaining one's own or others' behaviors and outcomes as being caused by internal, personal factors.

External Attributions

External attributions are explanations for a person's behavior that refer to outside causes, such as other people's actions or environmental factors, rather than internal states.

Investment Model

A theory in social psychology that examines how commitment in relationships is determined by satisfaction, quality of alternatives, and the level of investment one has put into the relationship.

Long-Term Relationship

A committed partnership or connection between individuals that persists over a significant period.