Examlex
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Exact Interest
Interest calculated based on the actual number of days in a year or a specific time period, often used in financial transactions.
Exact Interest
A precise calculation of interest accrual that adheres strictly to the actual number of days in the calendar year, often set at 365 or 366 days.
365-Day Year
A time reckoning method that accounts for all the days in a common, non-leap year, used in various financial and calendar calculations.
Total Amount
The complete value, sum, or quantity of something.
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