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On March 1, 2019 George purchased a life annuity for $12,000 that will provide him $200 monthly payments for eight years. The first payment was

On March 1, 2019 George purchased a life annuity for $12,000 that will provide him $200 monthly payments for eight years. The first payment was received on April 1, 2019. How much income related to this annuity will George include in his 2019 gross income?

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