EX-99.16 8 y84378bpexv99w16.txt SCHEDULE OF COMPUTATION OF PERFORMANCE INFORMATION . . . EX-99.16 Schedule of Computation Schedule of Computation Total Return Information for the TIAA Separate Account VA-1 Stock Index Account
January 1, 2002 January 1, 1998 98 months (From November 1, 1994 to to Commencement of operations to December 31, 2002 December 31, 2002 December 31, 2002) ----------------- ----------------- ------------------ Hypothetical initial payment of $1,000 (P) $ 1,000 $ 1,000 $ 1,000 Accumulation unit value: At start of period (A) $ 66.5560 $ 54.9165 $ 25.8318 At end of period (B) $ 52.1028 $ 52.1028 $ 52.1028 Ending value of hypothetical investment (EV) = P x (B/A) $ 782.84 $ 948.76 $ 2,017.00 Cumulative rate of total return = {(EV/P) - 1} x 100 (21.72)% (5.12)% 101.70% Number of years in period (n) 1 5 8.17 Net change factor (1 +T) = EV/P 0.78284 0.94876 2.017 Average annual compound rate of total return (T) (21.72)% (1.05)% 8.96%