| Thomas H. Palmer - Arithmetic - 1854 - 368 pages
...first nail, agreeably to the first offer ? COMPOUND DISCOUNT. Definitions. Am. 1 gill. . 1. Compound **Discount is an allowance made for the payment of money before it** is due, on the supposition that the money draws compound interest. 2. When compound interest is reckoned,... | |
| Thomas H. Palmer - Arithmetic - 1854 - 356 pages
...first nail, agreeably to the first offer ? Ans. 1 gill. COMPOUND DISCOUNT. Definitions. 1. Compound **Discount is an allowance made for the payment of money before it** is due, on the supposition that the money draws compound interest. 2. When compound interest is reckoned,... | |
| George Roberts Perkins - Arithmetic - 1855 - 382 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... | |
| Charles Davies - Arithmetic - 1856 - 452 pages
...months, and compounded at 7 per cent: what will be the amount of the payment when due ? DISCOUNT. 228. **DISCOUNT is an allowance made for the payment of money before it** is due. THE FACE of a note is the amount named in the note. 229. The PRESENT VALUE of a note is such... | |
| Charles Guilford Burnham - Arithmetic - 1857 - 328 pages
...10s. for 7 years, at 6 per cent., compound interest ? Ans. £385 13s. l^d. DISCOUNT. Aft« 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,... | |
| James Bates Thomson - Arithmetic - 1858 - 400 pages
...years, at 6 per cent. ? 17. What is the interest of $650 for 30 years, at 7 per cent.? DISCOUNT. 259. **DISCOUNT is an allowance made for the payment of money before it** is due. The present worth of a sum or debt, payable at a future time without interest, is the sum,... | |
| Dana Pond Colburn - 1858 - 290 pages
...3Tsff per cent? 10. $363.48 in 1 yr. 4 mo. 20 da. at 6 per cent? 122* Discount and Present Worth. (a.) **Discount is an allowance made for the payment of money before it** is due. (b.) The PRESENT WORTH of a debt due at a future time is the sum which it is supposed to be... | |
| Robert Johnston (F.R.G.S.) - 1860 - 188 pages
...£970 ; what is each person-s share ? Ans. John, 'ei50 ; Henry, £270 ; Peter, £550. DISCOUNT. 181. **DISCOUNT is an allowance made for the payment of money before it becomes due.** If I owe my friend '£105, which I am to pay him at the end of a year ; he cannot expect me to pay... | |
| Edward Liddell (writer on arithmetic.) - 1860 - 160 pages
...so that in case of loss both the value of the goods and the premium may be recovered ? DISCOUNT. 79. **Discount is an allowance made for the payment of money before it** is due. The following is one of the most frequent eases in which discount occurs :— A buys £100... | |
| Horatio Nelson Robinson - 1861 - 186 pages
...principal must gain 100 per cent, to double itself in 1 year, to double itself in 5 years will require i **of 100 per cent., or 20 per cent. Therefore, fyc....is the present worth of $180 payable in 3 years 4** months at 6 per cent. ? ANALYSIS. Since the interest for 3 years 4 months at 6 per cent, is i of the... | |
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