Bryant and Stratton's Commercial Arithmetic, in Two Parts: Designed for the Counting Room, Commercial and Agricultural Colleges, Normal and High Schools, Academies, and UniversitiesOakley and Mason, 1869 - Business mathematics |
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Page ix
... PRESENT WORTH AND DISCOUNT .. ANNUAL INTEREST .... COMPOUND INTEREST .. PARTIAL PAYMENTS - Three Rules . Vermont Rule . 119 123 127 128 131 138 138 United States Rule .. 139 Mercantile Rule .... 142 Merits of the Three Rules .. 143 ...
... PRESENT WORTH AND DISCOUNT .. ANNUAL INTEREST .... COMPOUND INTEREST .. PARTIAL PAYMENTS - Three Rules . Vermont Rule . 119 123 127 128 131 138 138 United States Rule .. 139 Mercantile Rule .... 142 Merits of the Three Rules .. 143 ...
Page 91
... present worth will be nearest $ 3 , $ 30 , or $ 3000 . I have often known " rule students " to hand in the most ridiculous answers to the simplest practical problems . PROFIT AND LOSS . ART . 75. The price paid for an article , or the ...
... present worth will be nearest $ 3 , $ 30 , or $ 3000 . I have often known " rule students " to hand in the most ridiculous answers to the simplest practical problems . PROFIT AND LOSS . ART . 75. The price paid for an article , or the ...
Page 127
... Present Worth of any debt is the sum or principal which at the current rate of interest will amount to that debt when it becomes due . For example , $ 100 at 10 % will amount in one year to $ 110 . The Present Worth then of $ 110 due ...
... Present Worth of any debt is the sum or principal which at the current rate of interest will amount to that debt when it becomes due . For example , $ 100 at 10 % will amount in one year to $ 110 . The Present Worth then of $ 110 due ...
Page 128
... Present Worth and the Amount of the debt is called the Discount ; and is really the interest on the Present Worth . For Bank Discount , see Art . Examples . 1. What is the present worth and discount of a debt of $ 1000 due in 1 yr . 6 ...
... Present Worth and the Amount of the debt is called the Discount ; and is really the interest on the Present Worth . For Bank Discount , see Art . Examples . 1. What is the present worth and discount of a debt of $ 1000 due in 1 yr . 6 ...
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Other editions - View all
Bryant and Stratton's Commercial Arithmetic in Two Parts Emerson Elbridge White No preview available - 2019 |
Common terms and phrases
25 per cent amount due annual interest annuity annum avoirdupois balance bank banker bbls bills bought bushels called cantaro capital carats Cash coin Cologne mark compound interest computed cost cube currency debt denominator discount Divide dividend divisor dollar draw interest equal equated Examples Exchange on London feet figures fraction gain or loss gallons galls given number gold greatest common divisor Hence improper fraction indorsers invested July July 15 least common multiple liabilities marked price maturity merchant money of account months Multiply number of days paid partners payable payment pound pound sterling premium present worth profit promissory notes purchase quotient rate of interest rate per cent ratio received Reduce RULE RULE.-Multiply selling semi-annually silver simple interest sold Spanish dollars sterling terest thaler United usury wheat whole number yard York
Popular passages
Page 139 - The rule for casting interest, when partial payments have been made, is to apply the payment, in the first place, to the discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the balance of principal remaining due.
Page 203 - No corporation shall hereafter, interpose the defense of usury in any action. The term corporation, as used in this section, shall be construed to include all associations, and joint-stock companies having any of the powers and privileges of corporations not possessed by individuals or partnerships.
Page 310 - LIQUID MEASURE 4 gills (gi.) = 1 pint (pt.) 2 pints = 1 quart (qt...
Page 220 - Multiply the amount of the smaller side by the number of days between the two average dates, and divide the product by the balance of the account. The quotient will be the time...
Page 27 - TABLE. 10 Mills (m.) = 1 Cent . . ct. 10 Cents = 1 Dime . . d. 10 Dimes = 1 Dollar . $. 10 Dollars = 1 Eagle . E.
Page 62 - To multiply a decimal by 10, 100, 1000, &c., remove the decimal point as many places to the right as there are ciphers in the multiplier ; and if there be not places enough in the number, annex ciphers.
Page 62 - When a decimal number is to be divided by 10, 100, 1000, &c., remove the decimal point as many places to the left as there are ciphers in the divisor, and if there be not figures enough in the number, prefix ciphers.
Page 204 - ... 8 months ; what is the equated time for the payment of the whole ? Ans.
Page 309 - Cubic Measure 1728 cubic inches (cu. in.) =1 cubic foot (cu. ft.) 27 cubic feet = 1 cubic yard (cu. yd.) 128 cubic feet = 1 cord (cd...
Page 238 - Multiply each payment by its term of credit, and divide the sum of the products by the sum of the payments ; the quotient will be the average term of credit.