 | 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 - 388 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 - 450 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 - 288 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... | |
| |
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,... 
