Esc ! WC coverage Follow Teams Q A F1 2 6. At the age of 42, Steve purchased a fixed deferred annuity from Mega Mutual Life with a single premium deposit c $10,000. The declared interest rate on Steve's contract when it was issued was 5 percent, and the contract guarantee minimum rate of 3 percent. The initial declared rate is payable for two years; the renewal rate for year three and late subject to change. How much interest will be credited to Steve's contract at the end of year one? Oa. $300 Ob. $500 O c. $800 Od. $1,000 7. Darcy owns an indexed annuity. The index that supports her annuity was at 1000 when the contract's interest credit Q Search W S F2 # 3 to annuitize E D F3 $ 4 R F F4 % 5 T F5 G 6 * F6 & 7 H C F7 * 8 J FB K 4 O L Pause F10 P