Examlex
Exner characterized the Rorschach as
Exact Simple Interest
Interest calculated linearly on the principal amount, where the calculation is based precisely on the time period involved.
365-Day Year
A method of calculating interest that assumes all years have 365 days, used in some financial contexts.
Ordinary Simple Interest
Interest calculated on the principal amount of a loan or deposit, based solely on the principal, rate, and time.
360-Day Year
A method used in accounting and finance that assumes a year has 360 days to simplify interest calculations.
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