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?
A) $0
B) $2,000
C) $4,000
D) $6,000
Answer: C
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?
A) $0
B) $2,000
C) $4,000
D) $6,000
Answer: C