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Descartes tells us that he can doubt that "I am in this place, seated by the fire, clothed in a winter dressing gown, that I hold in my hands this piece of paper," because "I perceive so clearly that there exist no certain marks by which the state of waking can ever be distinguished from sleep."
Exact Interest
This refers to the method of calculating interest based on a 365-day year or actual number of days in a month, providing a precise interest calculation.
Simple Interest
Interest calculated only on the principal amount, or on that portion of the principal amount which remains unpaid.
Exact Interest
A redefined term referring to the method of calculating interest based on a 365-day year, highlighting the precision in financial computations.
365-Day Year
A calendar year consisting of 365 days, not accounting for leap years which have 366 days.
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