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Question - A buys an annuity for $50,000. Over the life of the annuity, A expects to earn $10,000. In the first year a receives $6,000 from the annuity. How much is taxable.
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Question - A bond has a 7% coupon and pays interest semi-annually. What is the amount of each interest payment if the face value of a bond is $1,000?
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