When Determining Ordinary Interest, Dividing by 360 or 365 Provides

question 46

True/False

When determining ordinary interest, dividing by 360 or 365 provides the fractional daily interest rate.

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Definitions:

Conditions of Worth

Standards imposed by others that one must meet to be considered worthy of love or positive regard.

Positive Self-report

A method of gathering data in which individuals report their own behavior, feelings, or attitudes in a positive light.

Actualization Tendency

An innate drive in humans to grow, improve, and realize their fullest potential.

Maladjustment

A condition in which an individual's adaptation to life circumstances is considered inadequate or dysfunctional.