Question: Julia , age 5 7 , purchases an annuity for $ 3 3 , 6 0 0 . Julia will receive $ 4 0 0

Julia, age57, purchases an annuity for $33,600. Julia will receive $400 per month for the rest of her life. The expected return multiple is 20.0. At age88, the amount that Julia may exclude from income is

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