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Business, 07.02.2021 19:40 kimlyn58p0wyn0

Pam retires after 28 years of service with her employer. She is 66 years old and has contributed $57,750 to her employer's qualified pension fund, all of which was taxable when earned. She elects to receive her retirement benefits as an annuity of $5,775 per month for the remainder of her life. Assume that Pam lives 25 years after retiring. What is her gross income from the annuity payments in the twenty-fourth year?

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Pam retires after 28 years of service with her employer. She is 66 years old and has contributed $57...
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