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Required information [The following information opplies to the questions displayed below] Anne purchased an annuity from an insurance company that promised to pay her $10,000

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Required information [The following information opplies to the questions displayed below] Anne purchased an annuity from an insurance company that promised to pay her $10,000 per year for the next 10 years Anne poid $80,000 for the onnuity, and in exchange she will receive $100,000 over the term of the annuity. b. How much income will Anne recognize over the term of the onnuity

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