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Henry paid $149,640 for a 10 year annuity that pays $1,450 per month. Henry received 8 payments in the first year. What was the taxable
Henry paid $149,640 for a 10 year annuity that pays $1,450 per month. Henry received 8 payments in the first year. What was the taxable portion of this annuity for the first year?
DO NOT USE COMMAS OR DOLLAR SIGNS IN YOUR ANSWER!!
IF YOU GET A DECIMAL AMOUNT IN YOUR FINAL ANSWER, ROUND UP THE ANSWER TO THE NEXT WHOLE DOLLAR AMOUNT.
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