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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

## Arithmetic, Oral and Written, Practically Applied by Means of Suggestive ...

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,...

## Arithmetic, Oral and Written, Practically Applied by Means of Suggestive ...

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,...

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

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...

## New University Arithmetic: Embracing the Science of Numbers, and Their ...

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...

## Burnham's Arithmetic, Revised: A New System of Arithmetic, on an Improved ...

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,...

## Practical Arithmetic: Uniting the Inductive with the Synthetic Mode of ...

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,...

## The Common-school Arithmetic: a Practical Treatise on the Science of Numbers

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...

## The school arithmetic

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...