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Determine the tax-free amount of the monthly payment in each of the following instances, Use the life expectancy tables. Use Table Table III and Table V. Required: a. Person A is age 65 and purchased an annuity for $101,000. The annuity pays $2,500 per month for life. Note: Round exclusion percentage computation to one decimal place. b. Person B is 69 and purchased an annuity for $99,000. The annuity pays $1,900 per month for life. Note: Round exclusion percentage computation to one decimal place. Round your final answer to 2 decimal places. c. Person C is 58 and purchased an annuity for $59,000 that pays a mohthly payment of $1,500 for 15 years. Note: Round exclusion percentage computation to one decimal place. Round your final answer to 2 decimal places. \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Table I } \\ \hline \multicolumn{3}{|c|}{ (Single Life Expectancy) } \\ \hline Age & Life Expectancy & Age \\ \hline 56 & 28.7 & 84 & Life Expectancy \\ \hline 57 & 27.9 & 85 & 8.1 \\ \hline 58 & 27.0 & 86 & 7.6 \\ \hline 59 & 26.1 & 87 & 7.1 \\ \hline 60 & 25.2 & 88 & 6.7 \\ \hline 61 & 24.4 & 89 & 6.3 \\ \hline 62 & 23.5 & 90 & 5.9 \\ \hline 63 & 22.7 & 91 & 5.5 \\ \hline 64 & 21.8 & 92 & 5.2 \\ \hline 65 & 21.0 & 93 & 4.9 \\ \hline 66 & 20.2 & 94 & 4.6 \\ \hline 67 & 19.4 & 95 & 4.3 \\ \hline 68 & 18.6 & 96 & 4.1 \\ \hline 69 & 17.8 & 97 & 3.8 \\ \hline 70 & 17.0 & 98 & 3.6 \\ \hline 71 & 16.3 & 99 & 3.4 \\ \hline 72 & 15.5 & 100 & 3.1 \\ \hline 73 & 14.8 & 101 & 2.9 \\ \hline 74 & 14.1 & 102 & 2.7 \\ \hline 75 & 13.4 & 103 & 2.5 \\ \hline 76 & 12.7 & 104 & 2.3 \\ \hline 77 & 12.1 & 105 & 2.1 \\ \hline 78 & 11.4 & 106 & 1.9 \\ \hline 79 & 10.8 & 107 & 1.7 \\ \hline 80 & 10.2 & 108 & 1.5 \\ \hline 81 & 9.7 & 109 & 1.4 \\ \hline 82 & 9.1 & 110 & 1.2 \\ \hline 83 & 8.6 & 111 and over & 1.1 \\ \hline \end{tabular} Table III (Uniform Lifetime) (For Use by: - Unmarried Owners, - Married Owners Whose Spouses Are Not More Than 10 Years Younger, and - Married Owners Whose Spouses Are Not the Sole Beneficiaries of Their IRAs) \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{6}{|c|}{ TABLE V RDINARY LIFE ANNUITIES } \\ \hline & ONE LIFI & XPEC & DETURN M & TIPLES & A \\ \hline AGE & MULTIPLE & AGE & MULTIPLE & AGE & MULTIPLE \\ \hline 5 & 76.6 & 42 & 40.6 & 79 & 10.0 \\ \hline 6 & 75.6 & 43 & 39.6 & 80 & 9.5 \\ \hline 7 & 74.7 & 44 & 38.7 & 81 & 8.9 \\ \hline 8 & 73.7 & 45 & 37.7 & 82 & 8.4 \\ \hline 9 & 72.7 & 46 & 36.8 & 83 & 7.9 \\ \hline 10 & 71.7 & 47 & 35.9 & 84 & 7.4 \\ \hline 11 & 70.7 & 48 & 34.9 & 85 & 6.9 \\ \hline 12 & 69.7 & 49 & 34.0 & 86 & 6.5 \\ \hline 13 & 68.8 & 50 & 33.1 & 87 & 6.1 \\ \hline 14 & 67.8 & 51 & 32.2 & 88 & 5.7 \\ \hline 15 & 66.8 & 52 & 31.3 & 89 & 5.3 \\ \hline 16 & 65.8 & 53 & 30.4 & 90 & 5.0 \\ \hline 17 & 64.8 & 54 & 29.5 & 91 & 4.7 \\ \hline 18 & 63.9 & 55 & 28.6 & 92 & 4.4 \\ \hline 19 & 62.9 & 56 & 27.7 & 93 & 4.1 \\ \hline 20 & 61.9 & 57 & 26.8 & 94 & 3.9 \\ \hline 21 & 60.9 & 58 & 25.9 & 95 & 3.7 \\ \hline 22 & 59.9 & 59 & 25.0 & 96 & 3.4 \\ \hline 23 & 59.0 & 60 & 24.2 & 97 & 3.2 \\ \hline 24 & 58.0 & 61 & 23.3 & 98 & 3.0 \\ \hline 25 & 57.0 & 62 & 22.5 & 99 & 2.8 \\ \hline 26 & 56.0 & 63 & 21.6 & 100 & 2.7 \\ \hline 27 & 55.1 & 64 & 20.8 & 101 & 2.5 \\ \hline 28 & 54.1 & 65 & 20.0 & 102 & 2.3 \\ \hline 29 & 53.1 & 66 & 19.2 & 103 & 2.1 \\ \hline 30 & 52.2 & 67 & 18.4 & 104 & 1.9 \\ \hline 31 & 51.2 & 68 & 17.6 & 105 & 1.8 \\ \hline 32 & 50.2 & 69 & 16.8 & 106 & 1.6 \\ \hline 33 & 49.3 & 70 & 16.0 & 107 & 1.4 \\ \hline 34 & 48.3 & 71 & 153 & 108 & 1.3 \\ \hline 35 & 47.3 & 72 & 14.6 & 109 & 1.1 \\ \hline 36 & 46.4 & 73 & 13.9 & 110 & 1.0 \\ \hline 37 & 45.4 & 74 & 13.2 & 111 & 9 \\ \hline 38 & 44.4 & 75 & 125 & 112 & 8 \\ \hline 39 & 43.5 & 76 & 11.9 & 113 & 7 \\ \hline \end{tabular}

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