Question
Shellys variable annuity has a mortality and expense risk charge at an annual rate of 1.5 percent of account value. Her account value during the
Shellys variable annuity has a mortality and expense risk charge at an annual rate of 1.5 percent of account value. Her account value during the year is $75,000. What was Shellys mortality and expense risk charge for the year?
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Case Studies In Finance
Authors: Robert Bruner, Kenneth Eades, Michael Schill
6th Edition
0073382450, 978-0073382456
