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
Correct Answer:
Verified
Correct Answer:
Verified
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