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An outbreak of smallpox has followed a national sporting event. Terrorist activity is suspected. How would this event be categorized?
Ordinary Simple Interest
Interest calculated on the principal amount of a loan or investment, based on a simple calculation and not compounded.
360-Day Year
A simplified accounting method that assumes there are 360 days in a year, used for calculating interest and other financial metrics.
Principal
The original sum of money borrowed in a loan, or the initial amount of investment, excluding interest or profit.
Ordinary Simple Interest
Interest calculated on the principal amount only, without compounding, over a specific period.
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