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Your variable annuity charges administrative fees at an annual rate of 0.17 percent of account value. Your average account value during the year is $110,000.

Your variable annuity charges administrative fees at an annual rate of 0.17 percent of account value. Your average account value during the year is $110,000. What is the administrative fee for the year? (Round your answer to the nearest whole dollar.) Annual administrative fee=?

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