Determine the tax-free amount of the monthly payment in each of the following Instances. Use the life expectancy tables. Use Table 1, Table III and Table V. Required: a. Person A is age 61 and purchased an annuity for $97,000. The annuity pays $3,000 per month for life. (Round exclusion percentage computation to one decimal place.) b. Person B is 65 and purchased an annuity for $95,000. The annuity pays $1,700 per month for life. (Round exclusion percentage computation to one decimal place. Round your final answer to 2 decimal places.) c. Person C is 54 and purchased an annuity for $55,000 that pays a monthly payment of $1,300 for 15 years. (Round exclusion percentage computation to one decimal place. Round your final answer to 2 decimal places.) Amount 2. Tax free portion of payments b. Tax free portion of payments Tax free portion of payments