13. Calculating a Mortality and Expense Risk Charge. Your variable annuity has a mortality and expense risk

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13. Calculating a Mortality and Expense Risk Charge. Your variable annuity has a mortality and expense risk charge at an annual rate of 1.25 percent of account value. Your average account value during the year is $20,000. What are your mortality and expense risk charges for the year? (Obj. 6)

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Personal Finance

ISBN: 9780073530697

10th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes

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