Which of the Following Statements Is Correct

question 138

Multiple Choice

Which of the following statements is correct?

• A)a. A 15-year mortgage will have larger monthly payments than a 30-year mortgage.
• B)b. If an account earns 3 percent per year compounded annually, then it also has an effective annual rate (EAR) of 3 percent.
• C)c. The present value of a $500 perpetuity is greater if the interest rate is higher.
• D)d. Statements a, b, and c are correct.
• E)e. Only statements a and b are correct.

---

Definitions:

Employment Equity Programs

Initiatives aimed at promoting equal opportunity employment practices for all individuals, especially those in minority groups or historically disadvantaged populations.

Government Intervention

The involvement of government in market affairs, which can include regulations, policies, and subsidies.

AODA Legislation

Refers to the Accessibility for Ontarians with Disabilities Act, legislation in Ontario, Canada, aimed at developing, implementing, and enforcing standards to improve accessibility for people with disabilities.

Undue Hardship

Exceptional or excessive difficulty or expense imposed on an employer by an employee accommodation, beyond reasonable measures.