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What is a work breakdown structure?
360-Day Year
An accounting assumption that simplifies interest calculations by using a year composed of twelve 30-day months.
Leap Years
Years that contain 366 days instead of the usual 365, with an extra day added to February, occurring every four years to maintain the calendar year's alignment with the Earth's revolutions around the Sun.
Interest Computation
The process of calculating the amount of interest due on a loan or investment based on the principal amount, rate, and time.
Maturity Date
The specific date on which the principal amount of a loan, bond, or other financial instrument is due to be paid back in full.
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