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Samantha Needs to Create a Numbered Series of Paragraphs

question 73

Multiple Choice

Samantha needs to create a numbered series of paragraphs.Which of the following should she do? Select all that apply.


Definitions:

Ordinary Simple Interest

A method for calculating the interest charge on a loan or investment based on the original principal, rate, and length of time, without compounding.

360-Day Year

A financial calculation assumption where the year is considered to have 360 days for simplifying interest related calculations.

Ordinary Simple Interest

Interest calculated on the principal amount of a loan or investment based on a simple interest rate, without the compounding factor.

360-Day Year

An accounting approximation that treats all months as having 30 days, used in calculating interest with a simplified approach.

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