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Exhibit 13-2
-Refer to Exhibit 13-2. The null hypothesis for this ANOVA problem is
Exact Interest
Interest calculation method utilizing the actual number of days in the interest period and a 365-day year to determine the accurate interest due.
Simple Interest
Interest calculated solely on the principal amount of a loan or investment, without compounding over time.
360-Day Year
This is a simplified method used in some financial calculations where the year is assumed to have 360 days for ease of interest computation.
Total Amount
The complete sum or quantity of something, encompassing all components or elements.
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