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) The answer cannot be determined from the information provided.

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The Answer of 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) The answer cannot be determined from the information provided.

Assume That at Retirement You Have Accumulated $750,000 in a Variable