The Precision Paradox: Leveraging 4 Decimal Places in Loan Calculations
3 min readDec 19, 2023
In the intricate world of financial systems, precision is not just a preference but a necessity. This holds particularly true in loan origination and management, where the accuracy of calculations can make or break financial decisions. This article explores the pivotal role of employing four decimal places (4dp) instead of two decimal places (2dp) in loan calculations.
