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Piaget used the term "preoperational" to describe children between the ages of 3 and 5 because they do not yet have the ability to:
Leap Years
Years that contain 366 days instead of the usual 365, with an extra day added to February, occurring every four years to maintain the calendar year's alignment with the Earth's revolutions around the Sun.
Interest Computation
The process of calculating the amount of interest due on a loan or investment based on the principal amount, rate, and time.
Maturity Date
The specific date on which the principal amount of a loan, bond, or other financial instrument is due to be paid back in full.
Leap Years
Years that are divisible by 4 (and if it's a century year, it must be divisible by 400), adding an extra day, February 29, to the calendar to keep it synchronized with Earth's orbit around the Sun.
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