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The present worth of a note payable at a future time is such a sum as, put at interest at the given rate per cent, until it becomes due, will amount to the face of the note. Discount is an allowance made for the payment of money before it becomes due,...
The Progressive Intellectual Arithmetic, on the Inductive Plan: Being a ... - Page 139
by Horatio Nelson Robinson - 1859

An Elemtary Arithmetic ...: Serving as an Introduction to the Higher ...

George Roberts Perkins - Arithmetic - 1849 - 347 pages
...required for a given principal to double itself at simple interest at various 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...

The Speedy Calculator: Being a System of Arithmetic

Benjamin Naylor - 1850 - 334 pages
...as if it were what is the compound interest of \$1000 for 5 years, at 3 per cent, a year ? DISCOUNT. Discount is an allowance made for the payment of money before it becomes due. The present worth of a debt, payable at a subsequent period, without interest, is such a sum of money...

A New System of Arithmetic on an Improved Plan

Charles Guilford Burnham - 1850 - 352 pages
...10s. for 7 years, at 6 per cent., compound interest ? Ans. £385 13s. l\d. DISCOUNT. Art. 212. — 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...

Higher Arithmetic: Designed for the Use of High Schools, Academies, and ...

George Roberts Perkins - Arithmetic - 1850 - 358 pages
...per annum, the interest being compounded halfyearly ? Ans. \$3243-398. COMPOUND DISCOUNT. 69. COMPOUND DISCOUNT is an allowance made for the payment of money before it is due, on the supposition that the money draws compound interest. The present worth of a debt payable...

First book of arithmetic for the use of schools. [With] Key

Ireland commissioners of nat. educ - 1850 - 164 pages
...the amount of 2407. 15s. for 3 years, 6' weoks, and 4 days, at 2-J per cent. per annum ? DISCOUNT. DISCOUNT is an allowance made for the payment of money before it is duo. Thus, if a person passed me a bill for £105, to be paid at the end of a year, and I wished...

An Elementary Arithmetic Serving as an Introduction to the Higher Arithmetic

George Roberts Perkins - Arithmetic - 1850 - 372 pages
...for a given principal to double itself at simple interest at various rates per cent. DISCOUNT. 117. 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...

First book of arithmetic for the use of schools

Commissioners of National Education in Ireland - Arithmetic - 1850 - 162 pages
...the amount of 2467. 15s. for 3 years, 6 weeks, and 4 days, at 2 £ 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...

An Elementary Arithmetic Designed for Academies and Schools: Also Serving as ...

George Roberts Perkins - Arithmetic - 1851 - 356 pages
...for a given principal to double itself at simple interest at various rates per cent. DISCOUNT. 117. DISCOUNT is an allowance made for the payment of money before it is due. . Tho present worth of a debt payable at some future time, without interest, is such a sum...