14 of 48 Concepts completed Multiple Choice Question EXHIBIT 5-1 Table for Expected Return Multiple for Ordinary Single-Life Annuity Age at Annuity Starting Date Expected Return Multiple 68 17.6 69 16.8 70 16.0 71 15.3 72 14.6 Janice started receiving an annuity payment of $1,500 per month when she turned 68 years old. She purchased the annuity for $225,000 and will continue to draw the monthly payment for the remainder of her life. What is the amount of the annuity that represents a return of capital each year and is, therefore, nontaxable? (Round your calculation of the return of capital percentage to the nearest whole number) O 5% or $900 per year O 8% or $1.440 per year O 71% or $12.780 per year O 100% or $18,000 per year