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Benjamin Franklin Proposed the Albany Plan in an Effort to

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Benjamin Franklin proposed the Albany Plan in an effort to


Definitions:

360-Day Year

An accounting method that simplifies interest calculation by assuming all months have 30 days, resulting in a 360-day year.

Total Amount

The complete sum or quantity of something.

Ordinary Interest

Interest calculated based on a 360-day year, typically used in banking and finance for loans and savings.

Total Amount

The aggregate or final sum of various components, such as the total cost, payment, or investment value.

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