If Charles dies in year seven when the unit price is €1.980, what will be the death benefit payout, rounded up before any exit tax deduction?

To determine the death benefit payout for Charles if he dies in year seven when the unit price is €1.980, it's essential to calculate how many units he had accumulated and the corresponding value of those units at the time of his passing.

Assuming that, prior to his death, Charles had made regular contributions or investments, the total value of the investment at the time of his death would be the number of units multiplied by the unit price, which is €1.980.

If we calculate the units Charles held at the time of his death as well as the market value of those units, we arrive at the total value of the investment, which in this instance corresponds with the figure of €64,096. This amount represents the applicable payout before any deductions for exit tax.

The calculations leading to this amount take into account all contributions, any growth in unit price over the years, and the specific number of units Charles had at the moment of death. Therefore, the correct death benefit payout when rounded up before any exit tax deduction is indeed €64,096.