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Your variable annuity charges administrative fees at an annual rate of 0.12 percent of account value. Your average account value during the year is $200,000. What is the adminis…

Your variable annuity charges administrative fees at an annual rate of 0.12 percent of account value. Your average account value during the year is $200,000. What is the adminis…
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Your variable annuity charges administrative fees at an annual rate of 0.12 percent of account value. Your average account value during the year is $200,000. What is the administrative fee for the year

User Daniel Larsson
by
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1 Answer

5 votes
Administrative fee = Average account value × Expense rate
= $50,000 × 0.0015 = $75
User Mmo
by
7.8k points
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