Question: Your variable annuity has a mortality and expense risk charge at an annual rate of 1 . 4 5 percent of account value. Your average

Your variable annuity has a mortality and expense risk charge at an annual rate of 1.45 percent of account value. Your average account value during the year is $28,000. Accounts with less than $25,000 are charged a $30 annual maintenance fee. What is the total of charges for the year?

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