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What is a job analysis inventory? When is it used?
Ordinary Simple Interest
Interest calculated on the principal amount of a loan or investment based on a simple interest rate, without the compounding factor.
360-Day Year
An accounting approximation that treats all months as having 30 days, used in calculating interest with a simplified approach.
Ordinary Simple Interest
Interest calculated on the principal amount of a loan or deposit, based on a simple interest rate over a specified period.
360-Day Year
A simplified calculation method used in finance, assuming a year consists of 360 days for the purpose of interest calculation.
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