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Anne purchased an annuity from an insurance company that promised to pay her $ 2 8 , 0 0 0 per year for the next
Anne purchased an annuity from an insurance company that promised to pay her $ per year for the next years. Anne paid $ for the annuity, and in exchange she will receive $ over the term of the annuity.
a How much of the first $ payment should Anne include in gross income?
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