the distance between the object and the center of the Earth
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PE = mgh, that is, mass x gravity x height.
Potential energy is energy done to place something somewhere, against a force (not any force, it must be a so-called "conservative force", but I am only mentioning this for completeness sake). Specifically, gravitational potential energy is the energy an object has when it is raised above ground level. You need to supply energy (as work) to lift it up; in theory, this energy can be recovered if the object falls down.
Just look at the formula, the factors are all there. GPE = mgh (mass x gravity x height)
The event E must be well defined.
One goes about calculating an annuity payment in a number of ways. First, one must determine the type of annuity. Second, one must find the option for payout. Then, one must determine the other details about the annuity and finally, factor in how the payment will be working in relation to the time frame of payment.