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Seved 4 Part 2 of a Required information Problem 5-52 (LO 5-2) (Algo) The following information applies to the questions displayed below Larry purchased an

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Seved 4 Part 2 of a Required information Problem 5-52 (LO 5-2) (Algo) The following information applies to the questions displayed below Larry purchased an annuity from an insurance company that promises to pay him $6,500 per month for the rest of his life Larry paid $626 340 for the annuity Larry is in good health and is 72 years old. Larry received the first annuity payment of $6.500 this month. Use the expected number of payments in Exhibit 5.1 for this problem 018 points eBook Problem 5-52 Part-b (Algo) Hint b. If Larry lives more than 15 years after purchasing the annuity, how much of each additional payment should he Dclude in gross income? Amount odded in gross income Print References

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