Question: Fran purchased an annuity that provides $ 5 , 8 0 0 quarterly payments for the next 1 0 years. The annuity was purchased at

Fran purchased an annuity that provides $5,800 quarterly payments for the next 10 years. The annuity was purchased at a cost of $145,000. How much of the first quarterly payment will Fran include in her gross income?Multiple Choice$16,900$2,175$3,625None of the choices are correct$5,800

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