Determine the tax-free amount of the monthly payment in each of the following instances. Use the life expectancy tables. Use Table I, Table III and Table V. Required: a. Person A is age 61 and purchased an annuity for $86,000. The annuity pays $1,000 per month for life. Note: Round exclusion percentage computation to one decimal place. b. Person B is 70 and purchased an annuity for $84,000. The annuity pays $1,150 per month for life. Note: Round exclusion percentage computation to one decimal place. Round your final answer to 2 decimal places. c. Person C is 63 and purchased an annuity for $44,000 that pays a monthly payment of $750 for 10 years. Note: Round exclusion percentage computation to one decimal place. Round your final answer to 2 decimal places