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Ordinary vs. Exact Interest Explained by Zymon Andrew Maquinto is a document available to read on EtoBox.

What is Ordinary vs. Exact Interest Explained about?

The document discusses two types of interest - exact interest and ordinary interest. Exact interest computes interest based on a 365-day year while ordinary interest uses a 360-day year. It also discusses actual time and approximate time methods, where actual time uses the real number of days in periods and approximate time assumes 30 days per month. Examples are given to calculate interest periods using both actual and approximate time methods for exact and ordinary interest.

Author

Zymon Andrew Maquinto

Language

EN