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Identical twins separated at birth and raised in completely different cultures would be most likely to have similar
360-Day Year
A financial convention or calculation basis where the year is assumed to consist of 360 days rather than 365 or 366 days, often used in interest rate calculations.
Ordinary Simple Interest Rate
The standard method of calculating interest, typically based on the original loan amount, rate, and time.
360-Day Year
A conventional method in finance where the year is assumed to have 360 days for simplifying interest rate calculations, commonly used in commercial lending.
Exact Simple Interest
Interest calculated based on the actual number of days in the loan period divided by the exact number of days in a year, typically 365 or 366.
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