Question: Thomas purchased an annuity for $ 2 0 , 0 0 0 that will pay him $ 5 0 0 per month for ten years.

Thomas purchased an annuity for $20,000 that will pay him $500 per month for ten years. What amount should Thomas include in his income each year?
Question content area bottom
Part 1
A.
$6,000
B.
$4,000
C.
$2,000
D.
$0

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