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Ordinary Interest
Interest calculation based on a 360-day year, often used in banking and finance, as opposed to real interest which is based on a 365-day year.
Exact Interest
Interest calculated based on a 365-day year or actual number of days in a loan term, providing a precise calculation of interest charges.
Ordinary Interest
Interest calculated on the basis of a 360-day year, commonly used in banking and bond markets.
Ordinary Interest
Interest calculated based on a 360-day year, often used in banking for loans and savings accounts.
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