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" 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, in the given time, amount to the debt. "
Arithmetic, Oral and Written, Practically Applied by Means of Suggestive ... - Page 329
by Thomas H. Palmer - 1854 - 348 pages
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Higher Arithmetic: Designed for the Use of High Schools, Academies, and Colleges

George Roberts Perkins - Arithmetic - 1841 - 274 pages
...lltf IH lon DISCOUNT. 68. 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, in the given time, amount to the debt. When the interest is at 6 per cent., the amount...
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An Elementary Arithmetic ...: Serving as an Introduction to the Higher ...

George Roberts Perkins - Arithmetic - 1846 - 266 pages
...64 Ql 10}f . DISCOUNT. 1O5. DISCOUNT is an allowance made for the payment tf 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, in the given time, amount to the debt. When the interest is at 6 per cent., the amount...
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Practical Arithmetic, Uniting the Inductive with the Synthetic Mode of ...

James Bates Thomson - Arithmetic - 1846 - 354 pages
...found for any given number of years by the Table ? How the interest ? 259. What is discount ? What is the present worth of a debt, payable at some future time, without interest '. The present worth of a debt payable at some future time without interest, is that sum which, being...
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Practical Arithmetic, Uniting the Inductive with the Synthetic Mode of ...

James Bates Thomson - Arithmetic - 1846 - 402 pages
...found for any given number of years by the Table ? How the interest ? 259. What is discount ? What is the present worth of a debt, payable at some future time, without interest ? The present worth of a debt payable at some future time without interest, is that sum which, being...
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Practical Arithmetic: Uniting the Inductive with the Synthetic Mode of ...

James Bates Thomson - Arithmetic - 1846 - 362 pages
...Discount. QUEST. — 258. How is compound interest computed by the Table ? 259. What is discount t What is the present worth of a debt, payable at some future time, without interest ? The present worth of a debt payable at some future time without interest, is that sum which, being...
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The American Arithmetic

James Robinson (of Boston.) - 1847 - 304 pages
...the payment of money before it is due, on the supposition that money can be let at compound interest. The present worth of a debt payable at some future time without interest, is that sum which, being on compound interest, will amount to the given sum or debt at the time it becomes...
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Higher Arithmetic: Or, The Science and Application of Numbers; Combining the ...

James Bates Thomson - Arithmetic - 1847 - 426 pages
...justice requires that he should make some Abatement from it. This abatement is called Discount. 429. The present worth of a debt payable at some future time without interest, is that sum which, being put at legal interest, will amount to tlie debt, at the time it becomes due....
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Higher Arithmetic; Or, The Science and Application of Numbers: Combining the ...

James Bates Thomson - Arithmetic - 1848 - 434 pages
...justice requires that he should make some abatement from it. This abatement is called Discount. 429. The present worth of a debt payable at some future time •without interest, is that sum which, being put at legal interest, will amount to t/te debt, at the time it becomes due....
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Higher Arithmetic: Designed for the Use of High Schools, Academies, and ...

George Roberts Perkins - Arithmetic - 1849 - 356 pages
...simple interest. DISCOUNT. 66. 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, in the given time, -amount to the debt. When the interest is at 6 per cent., the...
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An Elemtary Arithmetic ...: Serving as an Introduction to the Higher ...

George Roberts Perkins - Arithmetic - 1849 - 346 pages
...rates per cent. 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. When the interest is at...
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