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Mathematics, 03.03.2020 04:36 cuhh

Tim retired during the current year at age 58. He purchased an annuity from American National Life Company for $40,000. The annuity pays Tim $500 per month for life. Compute Tim�s annual exclusion (Points : 3) a. $1,500.20
b. $1,200.40c. $3,000.20
d. $1,544.40

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Tim retired during the current year at age 58. He purchased an annuity from American National Life C...
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