11. Your variable annuity charges administrative fees at an annual rate of 0.15 percent of account value.

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Your average account value during the year is $200,000. What is the administrative fee for the year?

(LO10.4)

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Focus On Personal Finance

ISBN: 9781259919657

6th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart

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Question Posted: Jul 24, 2024 07:01 AM

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11. Your variable annuity charges administrative fees at an annual rate of 0.15 percent of account value.

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Focus On Personal Finance

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