Question
Shellys 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
Shellys 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 $140,000. What was Shellys mortality and expense risk charge for the year?
Mortality and expenses risk charge:
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Principles Of Public Finance
Authors: Toshihiro Ihori
1st Edition
9811023883, 978-9811023880
