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Barbaras life expectancy from 2002 forward on which the

Question - In 1991, Barbara purchased a single life annuity for $250,000 that would pay her $25,000 per year for life beginning in 2002. Barbara's life expectancy from 2002 forward on which the payments were based is 25 years.

How much would Barbara include in income if she is still receiving payments in 2020?

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Accounting Basics: Barbaras life expectancy from 2002 forward on which the

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