Michael invested $ 300,000 into a US equity segregated fund that offered a 100% guarantee upon death or upon the 10-year maturity date. Eight years later, Michael withdrew $ 40,000 when the contract was $ 400,000. He plans on redeeming the remainder upon the maturity date. How will the withdrawal impact the guarantee amount upon the maturity date ? 

The new guaranteed amount will now be $ 360,000 

The guaranteed amount will change to $ 260,000 

The guaranteed amount will remain unchanged at $ 300,000 

The guaranteed amount would change to $ 270,000