Examlex
The basic and additional standard deductions are both indexed for inflation.
Exact Simple Interest
Interest calculated on the principal amount of a loan or investment, considering the exact number of days in the interest period.
365-Day Year
A standard year length used in some financial calculations, ignoring leap years.
Exact Simple Interest
Interest calculated precisely based on the principal amount, a fixed interest rate, and the number of days between payments.
365-Day Year
A method used in finance that assumes all years have 365 days for the purpose of interest calculation.
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