Accountıng I Deneme Sınavı Sorusu #1313962

Why is it more profitable to use 360 days while calculating the interest rate?


You can find annual rate of interest easier.

You can find more equal interest rate.

The note holder can receive more interest.

Principal can be followed more accurately.

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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