Which of the Following Is Greater (Answers Rounded to the Nearest

question 17

Multiple Choice

Which of the following is greater (answers rounded to the nearest cent) ?

• A)An ordinary annuity of $100.00 per year for three years discounted at 10% per year
• B)A present value of $248.69
• C)A future value of $331.00 three years from today,given an interest rate of 10% per year
• D)You would be indifferent to the three choices since they all have the same present value when using an interest rate of 10% per year.

---

Definitions:

Federal Legislation

encompasses laws passed by the national government of a country, applying broadly across the nation and superseding local or state laws in certain areas.

Provincial Statutes

Laws enacted by the legislative bodies of provinces or territories within a federal system.

Parliamentary Supremacy

The principle that Parliament has the highest legal authority within its jurisdiction and that its enactments cannot be overruled by any other body.

Canada

Canada is a country located in the northern part of North America, known for its vast landscapes, multicultural population, and as a member of the Commonwealth.