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The period of a pendulum is given by the formula T = 2
, where L is the length of the pendulum in feet, g = 32 ft/ is the acceleration due to gravity, and T is the length of one period in seconds. If the length of the pendulum is measured to be three feet long to within inch, what is the approximate percentage error in the calculated period, T?
Fictitious-Payee Rule
A principle in commercial law that a bank is not liable for fraudulent endorsement payments if the drawer intended the payee to be fictitious.
Refund
The process of returning funds to a purchaser in response to a product return, cancellation, or dissatisfaction with services provided.
Endorser
A person who signs their name on a document, often a check, to indicate their approval or to transfer ownership to another party.
Drawer
In a financial context, the person who writes or issues a check or draft instructing a bank to pay a specified sum of money to a designated party.
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