Question: 13. Shellys variable annuity has a mortality and expense risk charge at an annual rate of 1.25 percent of account value. Her account value during

13. Shelly’s variable annuity has a mortality and expense risk charge at an annual rate of 1.25 percent of account value. Her account value during the year is $50,000. What was Shelly’s mortality and expense risk charge for the year? (LO10.4)

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