Owen Wisconsin 54460, and the strife you've caused !! (53 replies) Latest news from Owen, WI collected exclusively by city-data.com from local newspapers, TV, and radio stations. Ancestries: German (47.0%), Polish (12.5%), English (6.3%), Irish (5.6%), Norwegian (4.5%), French (2.4%). Current Local Time: CST time zone.
Then the nominal interest rate on the annuity will be eight percent. Our annual spending, C, will increase at a rate of 5 percent per year. That way, every year we will be able to afford the same basket of goods and services that we can afford today for $25,130.
In general, these fees in a variable annuity will be charged as a percentage of the average value of the investment and will probably be quoted in terms of basis points.. A basis point is 1/100th of 1%. Thus, an M&E charge of 115 basis points means a fee of 1.15% will be assessed against the value of the investment. According to the National Association of Variable Annuities (NAVA), the industry average M&E in 1997 was 1.15%.