Your variable annuity charges administrative fees at an annual rate of 0.17 percent of account value....

Question

Question

Your variable annuity charges administrative fees at an annual rate of 0.17 percent of account value. Your average account va

business finance

Answer 1

Answer #1

Annual administrative fees = Annual rate* account value

= 0.17%*$218000

= $370.60

Hence Annual administrative fees = $371

Answer 2

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