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A(n)____________________ tree is helpful in describing the acts and states of nature,and for making calculations involving these items easier.
360-Day Year
A financial calculation convention using a simplified year of 360 days to facilitate easier interest calculations.
Exact Interest
A method of calculating interest based on a 365-day year or actual number of days in a loan or investment period, providing a precise interest calculation.
365-Day Year
A conventional method of calculating interest based on a 365-day year, often used in financial calculations.
Estimate Interest
An approximation of the interest amount over a certain period based on a given rate.
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