Explore BrainMass

Explore BrainMass

    Annuity and Expected Return

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    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?

    © BrainMass Inc. brainmass.com June 3, 2020, 7:40 pm ad1c9bdddf

    Solution Summary

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