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What Is Object Language? Provide an Example of How Object

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What is object language? Provide an example of how object language might affect business communication.


Definitions:

Exact Simple Interest

Interest calculation method using a 365-day year that does not account for the effect of compounding.

365-Day Year

A method used for calculating interest based upon a calendar year, counting all 365 days (or 366 in a leap year), typically used for more precise financial calculations.

Ordinary Simple Interest

Interest calculated on the principal amount of a loan or deposit, based on a simple calculation without compounding.

360-Day Year

An accounting method where the year is assumed to have 360 days, simplifying interest calculation by using 30-day months.

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