Why is interest calculated for 360 days in a year, whereas there are 365 days and 366 days in a leap year? - Quora
![30/360, Actual/365, and Actual/360 - How Lenders Calculate Interest on CRE Loans – Some Important Insights - Adventures in CRE 30/360, Actual/365, and Actual/360 - How Lenders Calculate Interest on CRE Loans – Some Important Insights - Adventures in CRE](https://www.adventuresincre.com/wp-content/uploads/2016/06/image.jpg)
30/360, Actual/365, and Actual/360 - How Lenders Calculate Interest on CRE Loans – Some Important Insights - Adventures in CRE
![30/360, Actual/365, and Actual/360 - How Lenders Calculate Interest on CRE Loans – Some Important Insights - Adventures in CRE 30/360, Actual/365, and Actual/360 - How Lenders Calculate Interest on CRE Loans – Some Important Insights - Adventures in CRE](https://www.adventuresincre.com/wp-content/uploads/2019/08/interesttable.png)
30/360, Actual/365, and Actual/360 - How Lenders Calculate Interest on CRE Loans – Some Important Insights - Adventures in CRE
![SOLVED: Using ordinary interest, 360 days, calculate the missing information for the simple discount note. (Round dollars to the nearest cent.) Face Value Discount Rate (%) Date of Note Term(Days) Maturity Date SOLVED: Using ordinary interest, 360 days, calculate the missing information for the simple discount note. (Round dollars to the nearest cent.) Face Value Discount Rate (%) Date of Note Term(Days) Maturity Date](https://cdn.numerade.com/ask_previews/ff443ea1-9fd2-4ced-8be3-eb665d8ba9f4_large.jpg)
SOLVED: Using ordinary interest, 360 days, calculate the missing information for the simple discount note. (Round dollars to the nearest cent.) Face Value Discount Rate (%) Date of Note Term(Days) Maturity Date
![SOLVED: Calculate the simple interest earned in 180 days on deposit of 6,000 in the interest rate is 6.75% (note: use 360 days) Calculate the simple interest earned in year on a SOLVED: Calculate the simple interest earned in 180 days on deposit of 6,000 in the interest rate is 6.75% (note: use 360 days) Calculate the simple interest earned in year on a](https://cdn.numerade.com/ask_images/373df19669274e8a8ddc69296a14f28a.jpg)
SOLVED: Calculate the simple interest earned in 180 days on deposit of 6,000 in the interest rate is 6.75% (note: use 360 days) Calculate the simple interest earned in year on a
![Tables for the Calculation of Interest on All Sums From One to Ten Thousand Dollars, for One to Three Hundred and Sixty-six Days, at Six per Cent, per Annum, Calculated for 360 Tables for the Calculation of Interest on All Sums From One to Ten Thousand Dollars, for One to Three Hundred and Sixty-six Days, at Six per Cent, per Annum, Calculated for 360](https://m.media-amazon.com/images/I/61BI2btokvL.jpg)