A Joint-And-Survivor Annuity Pays Its Installments Until the Death of the Last

question 131

True/False

A joint-and-survivor annuity pays its installments until the death of the last designated survivor.

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Definitions:

α-Carbon

The carbon atom adjacent to the functional group in an organic molecule, particularly significant in amino acids and carbonyl compounds.

Amines

Organic compounds and functional groups that contain a basic nitrogen atom with a lone pair, often classified as primary, secondary, or tertiary.

Base

A substance capable of accepting protons according to the Bronsted-Lowry theory or donating electron pairs in Lewis theory; it counteracts acids.

Amines

Organic compounds composed of nitrogen atoms bonded to alkyl or aryl groups, behaving as bases.