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" DISCOUNT. DISCOUNT is an allowance made for the payment of money before it is due. The present worth of a debt payable at some future time, without interest, is such a sum of money as will, if put at interest for the given time, amount to the debt. "
The practical arithmetic - Page 145
by John Darby (teacher of mathematics.) - 1843
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The Arithmetical Magazine, Or, Mercantile Accountant: Adapted to the ...

William M. Finlay - Accounting - 1803 - 272 pages
...he was charged 4 per cent. ? Ans. §4882.50. * See Problem III. Arithmetical Progression. Relate or Discount. DISCOUNT is an allowance made for the payment of money before it becomes due, and is less than interest by the interest of the interest for the given time. Therefore,...
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The Youth's Assistant in Theoretick and Practical Arithmetic

Zadock Thompson - Arithmetic - 1826 - 176 pages
...rule for Compound 2. What is the rule for finding Com- I Interest by decimals ? pound Interest ? ' DISCOUNT is an allowance made for the payment of money before it becomes due, and is the difference between that sum, due some time hence, 'and its present worth. The...
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The Federal Calculator: Or, A Concise System of Practical Arithmetic

William Slocomb - 1828 - 160 pages
...are they to be disposed of? I How is Federal Money changed to Pennsylvania, &c, currency? DISCOUNT. a DISCOUNT Is an allowance made for the payment of money before it becomes due, and is the difference between that sum and its present worth. RULE. b As the amount of...
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A Treatise on Arithmetic: Designed Particularly as a Text for Classes in ...

Frederick Augustus Porter Barnard - Arithmetic - 1830 - 304 pages
...use of borrowed money; or for debts of any kind, remaining unpaid after they are due. DISCOUNT, which is an allowance made for the payment of money before it is due ; or for advancing money on notes, bills, &c., payable at a future day. These subjects will be severally...
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A Treatise on Arithmetic: Designed Particularly as a Text for Classes in ...

Frederick Augustus Porter Barnard - Arithmetic - 1830 - 308 pages
...use of borrowed money; or for debts of any kind, remaining unpaid after they are due. DISCOUNT, which is an allowance made for the payment of money before it is due ; or for advancing money on notes, bills, &c/, payable at a future day. These subjects will be severally...
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The Youth's Assistant in Theorhetic [sic] and Practical Arithmetic: Designed ...

Zadock Thompson - Arithmetic - 1832 - 186 pages
...the above time and rate, would have been $19,62, greater than the discount by $1.62. DISCOUNT 182. Is an allowance made for the payment of money before it is due, or so much per cent. to be deducted from a given sum. The present worth of a sum of money due some...
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The Youth's Assistant in Theoretic and Practical Arithmetic: Designed for ...

Zadock Thompson - Arithmetic - 1832 - 186 pages
...the above time and rate, would have been $19,62, greater than the discount by $1.62. DISCOUNT 182. Is an allowance made for the payment of money before it is due, or so much per cent. to be deducted from a given sum. The present worth of a sum of money due some...
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A New System of Arithmetick: In which the Rules are Familiarly Demonstrated ...

William Ruger - Arithmetic - 1832 - 282 pages
...so the fourth term or answer will become increased, or diminished, in proportion to the second term. DISCOUNT, Is an allowance made for the payment of money before it becomes due, or upon advancing ready money on notes, obligations, &c., whichare payable af -orae future...
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The North American Arithmetic: Part Third, for Advanced Scholars, Volume 3

Frederick Emerson - Arithmetic - 1834 - 300 pages
...the principal. This problem forms the subject of the next article, under the head of Discount. XVI. DISCOUNT. DISCOUNT is an allowance made for the payment of money before it is due. The present worth of a debt, payable at a future period without interest, is that sum of money, which, being put on interest,...
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The New System of Practical Arithmetic: Whereby Most of the Various Problems ...

Charles Potts - Arithmetic - 1835 - 202 pages
...1 1 .05 3d year. What amount 1 1 .1 100$ 1.03 1st half year. 1. 03 2d half year. 1.03 3d half year. DISCOUNT. DISCOUNT is an allowance made for the payment of money before it becomes due. The present worth of any debt not yet due, is so much money as, being put to interest...
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