Lucas purchased an annuity for himself. He begins to receive annuity payments. If the amount of premium in the annuity has not been paid out upon his death, then his grandson will receive the balance. What type of annuity does Lucas have?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Lucas purchased an annuity for himself. He begins to receive annuity payments. If the amount of premium in the annuity has not been paid ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Daphne bought a used car for $9200. she made a down payment of $1840. find the percent of the purchase price that is the down payment.
Answers (1)
Oliver, a widower who does not live in a community property state, sold 50 acres of land he and his wife had paid $10,000 for in 1999. She died in 2009. As of the date of her death, the land was valued at $50,000 for estate tax purposes.
Answers (1)
Suppose the market basket cost $800 during the base period and $1,800 today. What is the CPI today?
Answers (1)
What two factors contribute most to achieving success in the workplace for people just out of school? A. School support and higher-level classes B. Social clubs and after-school jobs C. Mentorships and internships D. Classes and grades
Answers (1)
During November, TaskMaster purchased 160,000 pounds of direct materials at a total cost of $304,000. The total factory wages for November were $42,000, 90% of which were for direct labor.
Answers (1)
New Questions in Business
Managers often base their hiring decisions on gut feelings. these feelings are typically formed within two minutes of meeting a job applicant and have little to do with the applicant's ability to do the job.
Answers (1)
Leesburg sold a machine for $2,200 on november 10th of the current year. the machine was purchased for $2,600. leesburg had taken $1,200 of depreciation deductions on the machine through the date of the sale.
Answers (1)
Which type of training would be considered vocational training?
Answers (2)
Which of the following is not a step in creating operating department income statements? eliminate the uncontrollable costs for each department. allocate indirect expenses across departments. prepare the departmental income statements.
Answers (1)
Suppose the supply equation is: Upper Q equals 12 plus 0.30 p. What is the price elasticity of supply if the market price is $16 ? nothing (round your answer to three decimal places ).
Answers (1)