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Tony decided to invest in an annuity that he bought from AIG Corp. He bought the annuity for $20,000 . The annuity will pay him

Tony decided to invest in an annuity that he bought from AIG Corp. He bought the annuity for $20,000 . The annuity will pay him $500 per month for 10 years. What is Tony's income per year?

Select one:

a. $6,000

b. $2,000

c. $0

d. $4,000

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