$14$

Last year, Vladimir purchased a $10-$year $$200,000$ variable annuity that based its rate of return on the

performance of a segregated fund. The insurance company had estimated that the fund would earn a

return of $6\%$ in the first year. However, the fund only earned $4\mathrm{.}75\%.$ What amount can Vladimir expect to

receive at the end of each month from the variable annuity during the first year?

a$)$ $$791\mathrm{.}67$

b$)$ $$2,088\mathrm{.}68$

c$)$ $$2,096\mathrm{.}95$

d$)$ $$2,220\mathrm{.}41$