Assume That at Retirement You Have Accumulated $825,000 in a Variable

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.If the first year's actual investment return is 7%, what is the starting benefit payment

A) $30,000.00
B) $74,401.95
C) $51,481.38
D) $52,452.73
E) Cannot tell without additional information