Which of the Following Was Not One of Benjamin Franklin's

question 88

Multiple Choice

Which of the following was not one of Benjamin Franklin's accomplishments?

• A) He initiated a movement to encourage organized churches to resolve their theological differences.
• B) He published Poor Richard's Almanack .
• C) He organized the American Philosophical Society.
• D) He earned enough money to retire by the age of forty-two.
• E) He pulled together a reading group called the Junto.

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Definitions:

Compounded Annually

The process of earning interest on both the initial principal and the accumulated interest from previous periods, calculated once per year.

Compounded Monthly

A calculation method for interest where the interest earned is added to the principal at the end of each month, causing subsequent interest to be based on the increased balance.

Effective Annual Rate

The real interest rate on an investment or loan, considering the effects of compounding over a year.

Effective Annual Rate

The yield on a loan or investment taking into account the impact of compounding throughout a year.