Question: orge purchased a life annuity for $ 5 , 0 0 0 that will provide him $ 1 2 5 monthly payments for as long

orge purchased a life annuity for $5,000 that will provide him $125 monthly payments for as long as he lives. Based on IRS tables, Jorge's life expectancy is 100 months. How much of the first $125 payment will Jorge include in his gross income?

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