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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
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The Progressive Intellectual Arithmetic on the Inductive Plan: Being a ...

Horatio Nelson Robinson - Arithmetic - 1861 - 398 pages
...a sum as, put at interest at the given rate per cent. until it becomes due, will amount to the lace of the note. Discount is an allowance made for the...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 of the...
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Davies' University Arithmetic: Embracing the Answers, and a Full Analysis ...

Charles Davies - Arithmetic - 1861 - 496 pages
...2.10084 2.52695 3.02559 3.61652 19 •-0 1.80611 2.19113 2.65329 3.20713 3.80968 20 DISCOUNT. 285. 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. THE PRESENT VALUE of a note, is such a...
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Arithmetic for the use of schools. [Pt.1. With] Answers. [With] Answers

Edward Liddell (writer on arithmetic.) - 1861 - 190 pages
...so that in case of loss both the value of the goods and the preminm 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 cases in which discount occurs : — A buys 100...
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The Progressive Intellectual Arithmetic: On the Inductive Plan : Being a ...

Horatio Nelson Robinson - Arithmetic - 1863 - 188 pages
...cent, will $150 double itself in 15 years ? 19. At what per cent, will $500 double itself in 16 years 8 months ? 95. The present worth of a note payable at,...is the present worth of $180 payable in 3 years 4 months at б per cent. ? ANALYSIS. Since the interest for 3 years 4 months at 6 per cent, is \ of the...
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The Normal Written Arithmetic: By Analysis and Synthesis, Designed for ...

Edward Brooks - Arithmetic - 1863 - 346 pages
...and deduct the sum of these several amounts from the amount of tba principal." TRUE DISCOUNT. 333. Discount is an allowance made for the payment of money before it becomes due. , 334. The Present Worth of a sum, payable at some future time without interest, is such a sum as on...
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The civil service arithmetic. [With] A key, Book 1

Robert Johnston (F.R.G.S.) - 1863 - 258 pages
...Principal unpaid 90 „ 2 years =10 16 Interest 23 7 Principal unpaid 90 0 113 7 Ans. DISCOUNT. 140. 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...
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First book of arithmetic for the use of schools. [With] Key. High-school ed ...

Ireland commissioners of nat. educ - 1865 - 184 pages
...the amount of 246, 16. for 3 years, 6 weeks, and 4 days, at 21- 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...
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The Progressive Intellectual Arithmetic on the Inductive Plan: Being a ...

Horatio Nelson Robinson - Arithmetic - 1866 - 202 pages
...a sum as, put at interest at the given rate per cent, until it becomes due, will amount to the lace of the note. Discount is an allowance made for the...given sum or face of the note. 1. What is the present wo^th of $180 payable in 8 years 4 months at 6 per cent. ? ANALYSIS. Since the interest for 3 years...
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Practical Arithmetic: Embracing the Science and Applications of Numbers

Charles Davies - Arithmetic - 1866 - 354 pages
...1.75350 2.10684 2.52695 3.02559 3.01652 20 1.80611 2.19112 2.65329" 3.20713 3.86968 DISCOUNT. 299. DISCOUNT is an allowance made for the payment of money before it is due. 300. PRESENT VALUE of a debt, due at a future time, is nch a sum as, being placed at interest...
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Stoddard's Complete Arithmetic: Being the New Practical Arithmetic of the ...

John Fair Stoddard - Arithmetic - 1888 - 480 pages
...a Sunday or a legal holiday, it must be paid on the previous day. DISCOUNT AND PRESENT WORTH. 277. Discount is an allowance made for the payment of money before it is due. 278. The f resent Worth of a note or debt payable at a future time, is such a sum as, being...
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