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You are the senior project manager for a Web development company with upwards of 100 current client projects.You have been assigned to evaluate two upcoming projects.One project is to develop a time- tracking solution that would allow your 20 freelancers to submit daily time sheets and would report on the time spent on each project.The other project is to redesign the client interface to the company extranet to make it easier to use.The extranet allows clients to log in and view their current Web sites under development,as well as view project statistics,documents,and progress reports.Compare the two projects in terms of risk factors.
Ordinary Simple Interest Rate
The standard rate at which interest is calculated on a loan or investment, based on the original principal amount only.
360-Day Year
A simplified method of calculating interest using a 360-day year instead of 365 days, commonly used in banking.
Exact Simple Interest
Refers to interest calculated precisely on the principal amount of a loan or investment, without compounding, over a specific time period.
365-Day Year
A method of interest calculation that uses a full calendar year to determine the amount due.
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