Pam retires after 28 years of service with her employer. she is 66 years old and has contributed $42,000 to her employer's qualified pension fund. she elects to receive her retirement benefits as an annuity of $3,000 per month for the remainder of her life. click here to access exhibit 4.1 and exhibit 4.2.

a. assume that pam retired in june 2018 and collected six annuity payments that year. what is her income from the annuity payments in the first year?