Question: Time left 0 : 4 9 : 0 0 Mr . Dayani purchases an annuity with funds from his savings account on January 1 ,

Time left 0:49:00
Mr. Dayani purchases an annuity with funds from his savings account on January 1,2023. The annuity has a 5 year term, and cost $25,000. Payments are made annually on December 31 in the amount of $5,772. The annuity provides an effective yield of 5%. How much of the annuity payment is required to be included in net income for 2023?
a. Nil
b. $5,000.
C. $1,250.
d. $772.
Time left 0 : 4 9 : 0 0 Mr . Dayani purchases an

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