TABLE I Determine the tax$-$free amount of the monthly payment in each of the following instances. Use the life expectancy tables. Use Table I,

Table III and Table V$.$

Required:

a$.$ Person $A$ is age $63$ and purchased an annuity for $$99,000.$ The annuity pays $$2,000$ per month for life.

Note: Round exclusion percentage computation to one decimal place.

b$.$ Person B is $67$ and purchased an annuity for $$97,000.$ The annuity pays $$1,800$ per month for life.

Note: Round exclusion percentage computation to one decimal place. Round your final answer to $2$ decimal places.

c$.$ Person C is $56$ and purchased an annuity for $$57,000$ that pays a monthly payment of $$1,400$ for $15$ years.

Note: Round exclusion percentage computation to one decimal place. Round your final answer to $2$ decimal places.

Table $5$ Table $3$