Question
Shelly's variable annuity has a mortality and expense risk charge at an annual rate of 2.25 percent of account value. Her account value during the
Shelly's variable annuity has a mortality and expense risk charge at an annual rate of 2.25 percent of account value. Her account value during the year is $90,000. What was Shelly's mortality and expense risk charge for the year?
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Personal Finance Turning Money into Wealth
Authors: Arthur J. Keown
8th edition
134730364, 978-0134730363
