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Business, 06.10.2019 07:00 mathiscool51

Larry purchased an annuity from an insurance company that promises to pay him $1,150 per month for the rest of his life. larry paid $161,184 for the annuity. larry is in good health and he is 72 years old. larry received the first annuity payment of $1,150 this month. use the expected number of payments in exhibit 5-1 for this problem. (round "expected return multiple" answer to 1 decimal place and all other answers to the nearest whole number.) problem 5-59 part a a. how much of the first payment should larry include in gross income?

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