The Eight-Year, Four-Month Sentence Given to Arch-Conservative Duke Cunningham Was

question 60

Multiple Choice

The eight-year, four-month sentence given to arch-conservative Duke Cunningham was ironic because:

• A)he had argued for lighter sentences for particular offenses.
• B)only James Traficant's sentence was longer.
• C)he had sponsored legislation to improve prison conditions.
• D)he had argued for tougher sentences.

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Definitions:

Quarterly Compounding

The process of calculating interest earned on an investment or loan every three months, leading to interest being earned on interest.

Compounded Quarterly

The process of computing interest on a principal sum where the interest is calculated every quarter and added to the sum, leading to interest earned on interest.

Monthly Compounding

The process where interest is calculated on a monthly basis and added to the principal, allowing the investment to grow with each month.

Average Annual Rate

A calculated mean that represents the per-year interest rate over the term of a loan or investment.