Your variable annuity charges administrative fees at an annual rate of 0.215 percent of account value. Your

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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?

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Personal Finance

ISBN: 9781264101597

14th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart

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Question Posted: Nov 10, 2023 10:01 PM

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Your variable annuity charges administrative fees at an annual rate of 0.215 percent of account value. Your

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