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Anne purchased an annuity from an insurance company that promised to pay her $20,000 per year for the next 10 years Anne paid $145.000 for
Anne purchased an annuity from an insurance company that promised to pay her $20,000 per year for the next 10 years Anne paid $145.000 for the annuity, and in exchange she will receive $200,000 over the term of the annuity a. How much of the first $20.000 payment should Anne include in gross income? (Do not round intermediate calculations.)
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