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.What is the hypothetical constant benefit payment

A) $30,000.00
B) $33,333.33
C) $51,481.38
D) $76,354.69
E) Cannot tell without additional information