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Describe three control structure testing strategies.
Equivalent Interest
An interest rate or yield that is calculated to be comparable across different compounding periods or payment schedules.
Nearest 0.01%
This refers to rounding calculations to the closest hundredth of a percent, commonly used for precision in interest rates and financial metrics.
Nearest 0.01%
Rounding or approximating a numerical value to the closest hundredth of a percent.
Equivalent Interest
The equal effectiveness of different interest rates with respect to compounding periods over a specified period.
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