Multiple Choice
Assume that at retirement you have accumulated $825,000 in a variable annuity contract.The assumed investment return is 5.5% and your life expectancy is 18 years.What is the hypothetical constant benefit payment
A) $73,358.93
B) $33,333.33
C) $51,481.38
D) $52,452.73
E) Cannot tell without additional information
Correct Answer:
Verified
Correct Answer:
Verified
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