Misconception concerning constitutional law

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Reference no: EM132009542

1. A misconception concerning constitutional law is that:

Congress can unilaterally change

it it provides the structure of the government

it recognizes and protects the rights of individuals from being abridged by other sources of law

it exists at both the federal and state levels

2. Your favorite aunty has finally agreed to contribute towards funding your retirement. Specifically, she will start with a contribution of $6,000 today (that is, end of year 0) but this amount will then decline at a constant rate of 3% p.a. over the forseeable future. If the interest rate appropriate for valuing your aunty's contribution is 12% p.a. its present value today is closest to:

a) $38,800

b) $44,800

c) $56,000

d) $70,667

Reference no: EM132009542

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