jacobs4632 jacobs4632
  • 30-05-2021
  • Business
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Your variable annuity charges administrative fees at an annual rate of 0.12 percent of account value. Your average account value during the year is $200,000. What is the administrative fee for the year

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sofiamichelena20
sofiamichelena20 sofiamichelena20
  • 01-06-2021
Administrative fee = Average account value × Expense rate
= $50,000 × 0.0015 = $75
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