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Why do you think a firefighter is ranked as a more stressful job than a police officer? Explain.
Simple Interest
Interest calculated only on the initial amount of money deposited or loaned, not on any interest accrued over time.
Ordinary Interest
Interest calculated based on a 360-day year, often used in banking for loans and savings.
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.
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