Assume that at retirement you have accumulated $750,000 in a variable annuity contract. The assumed...
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Finance
Assume that at retirement you have accumulated $750,000 in a variable annuity contract. The assumed investment return is 9%, and your life expectancy is 25 years. What is the hypothetical constant-benefit payment?
Multiple Choice
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$51,481.38
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$76,354.69
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$30,000.00
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$33,333.33
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The answer cannot be determined from the information provided.
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