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Questions Help Save & Exit Se Fran purchased an annuity that provides $7000 quarterly payments for the next O years The annuity was purchased at

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Questions Help Save & Exit Se Fran purchased an annuity that provides $7000 quarterly payments for the next O years The annuity was purchased at a cost of SOS000 How much of the first quarterly payment will Fran include in her gross income? Multiple Choice $2.625 $4 375 $7000 $12.900 None of the choices ane correct

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