Thomas Paine's Common Sense

question 32

Multiple Choice

Thomas Paine's Common Sense

• A) argued that the British governmental system was perfectly good but that current officials had corrupted it.
• B) made highly original arguments in favor of independence.
• C) sold well among the elite, who in turn were able to convey its ideas to the lower classes.
• D) argued that America would become the home of freedom and "an asylum for mankind."
• E) led to his arrest on charges of treason, but he saved himself by writing another pamphlet taking the opposite position.

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Definitions:

Amortization Period

The length of time over which a loan or mortgage is scheduled to be repaid.

Compounded Quarterly

Interest calculated four times a year on both the initial principal and the accumulated interest from previous periods.

Amortized Over

The process of paying off a debt over time through regular payments, which cover both principal and interest.

Compounded Monthly

This involves the addition of interest to the principal sum of a deposit or loan each month, affecting the total interest accrued over time.