Examlex
Which technique is NOT useful in working with clients during a not-ready-to-change counseling session?
Exact Simple Interest
A calculation method where interest is determined using the actual number of days in a loan period over a 360 or 365-day year, depending on the terms.
365-Day Year
The 365-Day Year is a time measurement convention considering a year to have exactly 365 days, ignoring leap years.
Ordinary Simple Interest Rate
The standard rate at which interest is calculated on a loan or investment, based on the original principal amount only.
360-Day Year
A simplified method of calculating interest using a 360-day year instead of 365 days, commonly used in banking.
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