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Business, 30.08.2020 01:01 catiehohman13

A taxpayer, age 60, purchases an annuity from an insurance company for $90,000. She is to receive $500 per month for life. Assume that her life expectancy is 24.2 years from the annuity starting date. As a result, her expected return is and the exclusion amount is .

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A taxpayer, age 60, purchases an annuity from an insurance company for $90,000. She is to receive $5...
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