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Rosie Land's non - qualified deferred annuity was funded with $ 2 0 0 , 0 0 0 in premiums. When she elected a period

Rosie Land's non-qualified deferred annuity was funded with $200,000 in premiums. When she elected a period certain settlement option, the value of the annuity was $350,000. She will receive monthly payments of $2,916.67. Identify the amount of tax-free return of basis in each situation. Round to the nearest dollar. Option A, $1,667. B, $833. C, $2,917. D, $1,245.

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