What Was One Important Legacy of the Declaration of Independence

question 5

Multiple Choice

What was one important legacy of the Declaration of Independence?

• A) It immediately resulted in Great Britain granting independence to its colonies.
• B) Spain welcomed the document, printing multiple copies for its citizens.
• C) It inspired future revolutions against despotic governments.
• D) It led to an immediate alliance with France.
• E) It weakened the resolve of British military commanders fighting against the Patriots.

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Definitions:

Compounded Annually

The calculation of interest on the initial principal, which includes all accumulated interest from previous periods on a deposit or loan.

Compounded Semi-annually

Refers to the process where interest is added to the principal balance of an investment or loan twice a year, resulting in the interest earning interest.

Perpetuity

A financial instrument that pays a fixed amount of money indefinitely, with no end date.

Annually Compounded

A method of calculating interest where the interest is added to the principal sum once a year, resulting in interest on interest.