Shelly’s variable annuity has a mortality and expense risk charge at an annual rate of 2.25 percent of account value. Her account value during the year is $90,000. What was Shelly’s mortality and expense risk charge for the year?
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Shelly’s variable
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- Anna purchases a retirement annuity that will pay her $2,000 at the end of every six months for the first nine years and $200 at the end of every month for the next four years. The annuity earns interest at a rate of 3.6% compounded quarterly. a. What was the purchase price of the annuity? Round to the nearest cent b. How much interest did Anna receive from the annuity? Round to the nearest centAlexandra had a balance of $2,000 in her RRSP. In addition to this, she invested $300 at the end of every 3 months for 6 years. Her RRSP earned 4.00% compounded quarterly for the first 4 years and 7.00% compounded quarterly for the rest of the period. a. What is the accumulated value of the balance of $2,000 at the end of the time period? Round to the nearest cent b. What is the accumulated value of the annuity at the end of the first 4 years? Round to the nearest cent c. What is the future value of the accumulated value from (b) at the end of the 6 years? Round to the nearest cent d. What is the accumulated value of the $300.00 annuity for the next 2 years at 7.00% compounded quarterly? Round to the nearest cent e. How much did she have in the RRSP at the end of the time period? Round to the nearest cent f. What were her total earnings? Round to the nearest centAlejandra has an payout annuity that pays 66% annual interest compounded monthly. This is a 2020 year annuity and the beginning amount of the annuity is $10,000.00.What is the monthly amount the annuity pays?$ What is the total amount paid out by the payout annuity over the 2020 year period? $ What is the total amount of interes earned by the annuity ove the 2020 year period? $ Round all answers to the nearest cent. Do not enter dollar signs.