Interest is generally computed on a __________ basis.

Name: Interest is generally computed on a __________ basis.
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Interest is typically calculated on a daily basis, as it allows for more precise and accurate calculations. This means that the interest rate is divided by 365 days in a year, and the resulting amount is applied to the account balance each day. Monthly or yearly interest calculations may be used in some cases, but daily calculations are the most common.

Interest Is Generally Computed on a __________ Basis