| Calvin Tracy - Arithmetic - 1840 - 311 pages
...compare with Simple and Compound Proportion7 What is the rule for Conjoined Proportion 7 DISCOUNT. **Discount is an allowance made for the payment of money before it becomes due.** The present worth of any sum of money, payable at some future time without interest, is that sum which,... | |
| Charles Guilford Burnham - Arithmetic - 1841 - 324 pages
...of 256 £ 10 s. in 7 years, at 6 per cent., compound interest? Answer, 385 .£ 13s. 7£ d. 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... | |
| William Ruger - Arithmetic - 1841 - 263 pages
...the .fourth term or answer will become increased, or diminished, in pro* portion 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. which are payable at some future period. What... | |
| George Roberts Perkins - Arithmetic - 1841 - 274 pages
...Years. | |Per cent. 25 22f 20 I8A 16f 16A 7 7* 8 8* 9 9J Years. 14f 1*4 12| 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... | |
| Wales Christopher Hotson - 1842 - 306 pages
...insurance, at 10f per cent., of a ship and cargo valued at 4500£.? Ans. 483£. 15s. DISCOUNT. 72. **Discount is an allowance made for the payment of money before it becomes due.** If the discount be subtracted from any proposed sum, the remainder is termed its Present worth, being... | |
| Commissioners of National Education in Ireland - 1842
...Kequired the amount of 2467. 15s. for 3 years, C weeks. and 4 days, at 2j- per cent. per annum ? DISCOUNT. **DISCOUNT is an allowance made for the payment of money before it** is due. Thus, if a person passed me a bill for £105, to be paid at the end of a year, and I wished... | |
| John Darby (teacher of mathematics.) - 1843 - 236 pages
...per cent. ; what rate of interest shall I have for my money ? Ans. £3 13s. 10|d. nearly. DISCOUNT. **DISCOUNT is an allowance made for the payment of money before it** is due. The present worth of any sum of money due at the expiration of a given period of time, is such... | |
| William Vogdes - Arithmetic - 1847 - 256 pages
...of $10000 stock, at 105| per cent., and the broker's commission at ^ per cent. ? DISCOUNT. § 1115. **Discount is an allowance made for the payment of money before it becomes due, and is** as much as that money, if put to interest, would gain in the same time, and at the same rate.* Thus... | |
| James Robinson (of Boston.) - 1847 - 302 pages
...6.704751 9.703507 20 2.653298 3.207135 40 7.039989 10.285718 COMPOUND DISCOUNT. Art. 182. COMPOUND **DISCOUNT is an allowance made for 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... | |
| George Roberts Perkins - Arithmetic - 1849 - 344 pages
...table gives the time required for a given principal to double itself at simple interest. DISCOUNT. 6O. **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... | |
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