Henry David Thoreau Was Imprisoned Briefly for

question 31

Multiple Choice

Henry David Thoreau was imprisoned briefly for

• A) refusing to pay a poll tax.
• B) speaking against slavery.
• C) burning down his Walden cabin.
• D) refusing to serve in the U.S. Army.

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Definitions:

Stated Interest Rate

The annual interest rate declared on a loan or investment, not accounting for compounding or other effects.

Quoted Interest Rate

The interest rate that a lender states or advertises, not accounting for the compounding of interest within a specific period.

Interest Payment

The payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum, at a particular rate.

Compounded

The process of generating earnings from previous earnings, calculated by applying the earnings rate not only to the principal but also to the accumulated earnings over past periods.