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It's not correct, but in many cases it's plenty accurate





If you are dealing with other people’s money, the only accurate is accurate. Close enough should not be in any financial engineer’s mindset, imho.

In this case, it's both. Decimal floating point types do not lose precision with base-10 numbers, unless using trig, square roots, arbitrary division and the like.

> arbitrary division

Like commonly happens doing financial calculations, especially doing interest calculations.




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