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    Annuity and Expected Return

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    Anne, age 58, purchases an annuity for 33,600. Anne will receive 400 per month for the rest of her life. The expected return multiple is 20.0. At age 65, the amount that Anne may exclude from income is?

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    https://brainmass.com/business/accounting/annuity-expected-return-107665

    Solution Summary

    This brief solution contains a calculation determining the amount Anne may exclude from income.

    $2.19

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