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Variable Annuity Contract Assignment | Homework For You

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May 22nd, 2020

Sophia purchased a variable annuity contract with a purchase payment of $95.000 Surrender change ben percent in the first year and decline by 1 percent each year. In addition, Sophia can withdraw 8 percent of her contract value each year without paying surrender changes in the first year Sophia needed to withdraw 2.700. Assume that the contact had not increased on decreased because of investment performance. What was the surrender charge Sophia had to pay?Get Finance homework help today Homework For You

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