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

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