10. Craig owns an index annuity that has a 90 percent participation rate, a 14 percent cap, and a zero percent floor. The contract is backed by a 2 percent minimum guaranteed rate. If the index return at the end of the crediting period is 10 percent, how much interest will be credited to Craig's contract for that term?
 

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Calculating Interest Credited to Craigs Annuity Contract Heres how to calcu... View the full answer