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Select the Word or Phrase That Best Matches the Definition

question 4

Multiple Choice

Select the word or phrase that best matches the definition or example.
-A phonetic alphabet developed in Korea in the fifteenth century.


Definitions:

360-Day Year

A financial calculation convention using a simplified year of 360 days to facilitate easier interest calculations.

Exact Interest

A method of calculating interest based on a 365-day year or actual number of days in a loan or investment period, providing a precise interest calculation.

365-Day Year

A conventional method of calculating interest based on a 365-day year, often used in financial calculations.

Estimate Interest

An approximation of the interest amount over a certain period based on a given rate.

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