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...

D6)


Extracted text: 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 4.75%. What amount can Vladimir expect to receive at the end of each month from the variable annuity during the first year? 66 a) $791.67 b) $2,088.68 c) $2,096.95 d) $2,220.41