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

Question

Quizplus · Accepted Answer

PV = -825,000, i = 5.5, n = 18, PMT = 73,358.93.

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