| William M. Finlay - Accounting - 1803 - 276 pages
...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, the present -worth... | |
| Zadock Thompson - Arithmetic - 1826 - 164 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 present worth of... | |
| 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 100 dollars, for the... | |
| William Ruger (A.B.) - Arithmetic - 1832 - 288 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 period.... | |
| Frederick Emerson - Arithmetic - 1834 - 300 pages
...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,... | |
| Charles Potts - Arithmetic - 1835 - 180 pages
...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 till the debt... | |
| William Ruger (A.B.) - Arithmetic - 1836 - 274 pages
...in two years, at 7 ^er cent? ifAns. $724,70cts. 8ft. QUESTIONS ON DISCOUNT. What is discount ? A. It **is an allowance made for the payment of money 'before it becomes due.** On what rule is discount depending'? A. On the Rule of Three Direct. What rale do you observe in stating... | |
| Mathematics - 1836 - 472 pages
...anee made for the use of borrowed money, or for debts of any kind remaining unpaid after they are due. **Discount is an allowance made for the payment of money before it** is due. An allowance of a certain rate per cent, on any given sum, may be calculated by multiplying... | |
| Charles Guilford Burnham - Arithmetic - 1837 - 256 pages
...Answer, £385 13s. 7£d. QUESTIONS. 3. What is the rule, when there are months and days? 168 DISCOUNT. **DISCOUNT is an allowance made for the payment of money before it becomes due.** The present worth of a debt due at any future period is so much money as, being put on interest, at... | |
| Frederick Emerson - Arithmetic - 1839 - 300 pages
...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,... | |
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