Problem
Mack purchased a variable annuity with a $50,000 premium deposit, which he split equally between two subaccounts. At the time of purchase, the value of a unit in Subaccount #1 was $25, and the value of a unit in Subaccount #2 was $10. Six months later, the unit value of Subaccount #1 had risen to $30, and the unit value of Subaccount #2 had declined to $8. What was the value of Mack's contract at that point?