Accountıng I Deneme Sınavı Sorusu #1313962
Why is it more profitable to use 360 days while calculating the interest rate?
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You can find annual rate of interest easier. |
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You can find more equal interest rate. |
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The note holder can receive more interest. |
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Principal can be followed more accurately. |
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The calculation time can be lessen. |
Yanıt Açıklaması:
However, it is more profitable to use 360 days instead of 365 because the note holder receives more interest.
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