Assume That at Retirement You Have Accumulated $500,000 in a Variable

Multiple Choice

Assume that at retirement you have accumulated $500,000 in a variable annuity contract.The assumed investment return is 6% and your life expectancy is 15 years.What is the hypothetical constant benefit payment?

A) $30,000.00
B) $33,333.33
C) $51,481.38
D) $52,452.73.
E) cannot tell without additional information.