Your variable annuity charges administrative fees at an annual rate of 0.215 percent of account value. Your
Question:
Your variable annuity charges administrative fees at an annual rate of 0.215 percent of account value. Your average account value during the year is $60,000. What is the administrative fee for the year?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (4 reviews)
The administrative fee is calculated by multiplying ...View the full answer
Answered By
Qurat Ul Ain
Successful writing is about matching great style with top content. As an experienced freelance writer specialising in article writing and ghostwriting, I can provide you with that perfect combination, adapted to suit your needs.
I have written articles on subjects including history, management, and finance. Much of my work is ghost-writing, so I am used to adapting to someone else's preferred style and tone. I have post-graduate qualifications in history, teaching, and social science, as well as a management diploma, and so am well equipped to research and write in these areas.
4.80+
265+ Reviews
421+ Question Solved
Related Book For
Personal Finance
ISBN: 9781264101597
14th Edition
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
Question Posted:
Students also viewed these Business questions
-
Your variable annuity charges administrative fees at an annual rate of 0.15 percent of account value. Your average account value during the year is $50,000. What is the administrative fee for the...
-
Your variable annuity charges administrative fees at an annual rate of 0.15 percent of account value. Your average account value during the year is $200,000. What is the administrative fee for the...
-
The CEO of Kuehner Development Co. has just come from a meeting with his marketing staff where he was given the latest market study of a proposed new shopping center, Parker Road Plaza. The study...
-
A product has a contribution margin of $6 per unit and a selling price of $30 per unit. Fixed costs are $24,000. Assuming the new technology increases the unit contribution margin by 60 percent but...
-
The board of directors of Deion Sanders Corporation is considering whether or not it should instruct the accounting department to shift from a first-in, first-out (FIFO) basis of pricing inventories...
-
Presented below is the trial balance of Scott Butler Corporation at December 31, 2020. Cash Sales Debt Investments (trading) (at cost, $145,000) Cost of Goods Sold Debt Investments (long-term) Equity...
-
Derive Eq. (15-40a). Equation (15-40a) KPL.mol 1-C3XA.I.mol PL.mol NA,mol In C3=1+ C3 1-C3XA.bulk,mol. PS,mol
-
A real estate agent is considering changing her cell phone plan. There are three plans to choose from, all of which involve a monthly service charge of $ 20. Plan A has a cost of $.45 a minute for...
-
What is user authentication (IEEE 802.1X) and how it is performed, support your answer with diagram.
-
At the age of 25, Tasha Fellows obtained her university degree and entered the workforce. She sought the opinion of an investment advisor regarding a tax-free savings account (TFSA). The main...
-
For Alicia Thompson, the last few years have been a financial nightmare. It all started when she lost her job. Because she had no income and no emergency fund, she began using her credit cards to...
-
Using the nonworking spouse method, what should be the life insurance needs for a nonworking spouse whose youngest child is 8 years old?
-
Meet with your co-managers and prepare a strategic vision statement for your company. It should be at least one sentence long and no longer than a brief paragraph. When you are finished, check to see...
-
If two parents both show a dominant phenotype, but one of their kids shows the recessive phenotype, what do we know about the parental genotypes?
-
Assume that a bank offers an interest rate of 8% for vear 1. 10% for year 2, 3% for 3. 1% for year 4. and 6% for year 5. Suppose you want to invest $5.000 today in t bank year a. II the bank pays you...
-
For a pair of Prada wool blend women's pants, Macy's department store pays Prada 137 dollars before selling such pants at 192 dollars per pair. How much is the markup for such pants at Macy's?
-
visit company website - (www.serco.com) Select three functional areas, two you would like to intern in and one area that does not align with your current skillset and would require you to grow your...
-
Molnupiravir was the novel drug to show effectiveness against SARS-CoV-2. Molnupiravir disrupts the virus from making copies of itself. The structure of the drug is shown at right. a) What process in...
-
It is known that 20% of all farms in a state exceed 160 acres and that 60% of all farms in that state are owned by persons over 50 years old. Of all farms in the state exceeding 160 acres, 55% are...
-
A seasonal index may be less than one, equal to one, or greater than one. Explain what each of these values would mean.
-
1. Without knowing more about the Haggertys, would you say they might benefit from financial planning? Cite specific examples. 2. What do you think of Jans idea of investing in growth stocks? What...
-
1. How should Vicki look at the opportunity costs of her M.B.A. degree? Explain. 2. Suppose that when Vicki registers at the university, she learns that she can pay a flat tuition of $3,000 a...
-
Much of this chapter has dealt with the Steeles goal-planning activities. You may need to refer to some of the chapter material to answer the following questions. 1. Table assumes inflation rates of...
-
seperate the following into two categories . **Life Insurance**: This is a policy that pays out a sum of money upon the death of the insured person. It provides financial security to the employee's...
-
our firm needs a computerized machine tool lathe which costs $ 6 0 , 0 0 0 and requires $ 1 3 , 0 0 0 in maintenance for each year of its 3 - year life. After three years, this machine will be...
-
Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of return on projects of this risk class is 7 percent, and that the maximum allowable...
Study smarter with the SolutionInn App