How does selling variable annuity reduce equity volatility?
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Please explain Que 4.
How are we supposed to know whether to use 100,000 or 100,000*1.05 for the the first year?
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Please explain this part.
Need an explanation of the solution given.
The que did not consider that the family expenses will decline 30,000 per year. Why so?
Isn’t base fee is the basic fee that has to be charged? why carpenter mngt’s base fee has been marked as minimum fee? and why is Maximum Annual Fee not considered in this question?