| Horatio Nelson Robinson - Arithmetic - 1861 - 388 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... | |
| 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... | |
| Edward Liddell (writer on arithmetic.) - 1861 - 192 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... | |
| 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... | |
| Edward Brooks - Arithmetic - 1863 - 350 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... | |
| Robert Johnston (F.R.G.S.) - 1863 - 254 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... | |
| 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... | |
| 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... | |
| Charles Davies - Arithmetic - 1866 - 356 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... | |
| 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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