Ingrid Is Single with No Dependents

question 19

Multiple Choice

Ingrid is single with no dependents.She has been in the hospital with a coma for the last 2 weeks.Her bills are piling up and her rent on her apartment is due.Who is legally empowered to take care of her banking and bill paying while she is incapacitated?

• A)Whoever is named as her executor
• B)Whoever is named in her living will
• C)Whoever is named in her durable power of attorney
• D)Whoever is named in her durable health care power of attorney

---

Definitions:

Annuity

An annuity is a financial instrument that provides a consistent series of payments to a person, often serving as a source of income for people in retirement.

Present Value Index

A calculation that compares the present value of net cash inflows to the initial investment, used to evaluate the profitability of an investment.

Computed

Refers to something that has been determined or calculated using a computer or calculator.

Net Present Value

A method used in capital budgeting to assess the profitability of an investment or project, calculated by discounting the expected future cash flows to their present values and subtracting the initial investment.