Question
Assume that at retirement you have accumulated $500,000 in a variable annuity contract. The assumed investment return is 6% and your life expectancy is 15
Assume that at retirement you have accumulated $500,000 in a variable annuity contract. The assumed investment return is 6% and your life expectancy is 15 years. What is the hypothetical constant benefit payment?
| A. | $30,000.00 |
| B. | $33,333.33 |
| C. | $51,481.38 |
| D. | $52,452.73. |
| E. | cannot tell without additional information. |
Plz give me the answer in detail explanations thanks
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Finance At 40 Financial Intelligence
Authors: MOIRA O'NEILL Moira O'Neill
1st Edition
1408101114, 978-1408101117
