Felix Is Age 74 and His Wife Is Age 73

Question 107
Multiple Choice

Felix is age 74 and his wife is age 73. He purchased a single life annuity contract that will pay him $80,000 per year for life. The expected return on the contract is A) $1,904,000. B) $1,128,000. C) $1,112,000. D)$1,056,000.