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Avril invested $60,000 in an annuity contract. This year, Avril annuitized the contract. The insurance...

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Accounting

Avril invested $60,000 in an annuity contract. This year, Avril annuitized the contract. The insurance company agreed to pay Avril $444.45 per month for 15 years. Assuming that Avril receives 12 payments this year, how much must Avril include in her gross income this year?

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