# Martin purchased an annuity in 2016 for $12,000 that immediately begins providing him$100 monthly payments...

###### Question:

Martin purchased an annuity in 2016 for $12,000 that immediately begins providing him$100 monthly payments for 14 years. So in 2018 how much income (rounded) does Martin need to recognize related to this annuity? 0 $0 because Ed has not fully recovered his initial investment yet$367 o $343 O$1.200 O None of the above

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