 | John Fair Stoddard - Arithmetic - 1868 - 430 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 Present Worth of a note or debt payable at a future time, is such a sum as, being... | |
 | Horatio Nelson Robinson - Arithmetic - 1863 - 190 pages
...year, to double itself in 5 years will rtquire •J of 100 per cent., or 20 per cent. Therefore, Sfc. 14. At what per cent. will a given principal double...it becomes due, and is obtained by subtracting the |) resent worth from the given sum or face of the note. 1. What is the present worth of $180 payable... | |
 | Robert Stewart (of Dundee.) - Arithmetic - 1871 - 248 pages
...25, Oct. 13, Nov. 26, By cash By cash By cash By cash By cash Cr. L355 839 456 422 166 112 DISCOUNT. DISCOUNT is an allowance made for the payment of money before it becomes due, The present value of a sum of money due at a future period, is that which, being put to interest for... | |
 | George Payn Quackenbos - Arithmetic - 1872 - 348 pages
...1865, $100. What is due, April 28, 1866 ? (See § 368.) Ans. $633.257 CHAPTER XXII. DISCOUNT. 374. Discount is an allowance made for the payment of money before it is due. 375. Discount is often computed without reference to time, at a certain per cent, on the amount... | |
 | Horatio Nelson Robinson - Arithmetic - 1875 - 180 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...is the present worth of $180 payable in 3 years 4 months at Ü per cent, '! ANALYSIS. Since the interest for 3 years 4 months at 6 per cent, is -£ of... | |
 | Horatio Nelson Robinson - Arithmetic - 1877 - 186 pages
...in 2 years 6 months ? 12. At what per cent. will $2500 gain $200 interest in 1 year and 4 months ? 13. At what per cent. will a given principal double...,. 1. What is the present worth of $180 payable in 8 years 4 months at 6 per cent. ? ANALYSIS. Since the interest for 3 years 4 months at 6 per cent.... | |
 | Henry Stanton Tiffany - Fire insurance - 1887 - 466 pages
...applied towards discharging the principal, and interest is to be computed on the balance. Discount. Discount is an allowance made for the payment of money before it becomes due, and is either the interest on the debt for the time, which is called true discount, or upon such a sum as... | |
 | Edward Brooks - Arithmetic - 1877 - 438 pages
...Vermont, and New Hampshire rules, see Brooks's Higher Arithmetic. TRUE DISCOUNT AND PRESENT WORTH. 494. Discount is an allowance made for the payment of money before it becomes due. 495. The Present Worth of a debt payable at a future time without interest is such a sum as, being... | |
 | Edward Brooks - Arithmetic - 1877 - 232 pages
...Vermont, and New Hampshire rules, see Srooks's Higher Arithmetic. TRUE DISCOUNT AND PRESENT WORTH. 494. Discount is an allowance made for the payment of money before it becomes due. 495. The Present Worth of a debt payable at a future time without interest is such a sum as, being... | |
 | Edward Brooks - Arithmetic - 1877 - 560 pages
...10, $150. What was due April 1, 1871, at 8f»? Ans. $1255.81. TRUE DISCOUNT AND PRESENT WORTH. 647. Discount is an allowance made for the payment of money before it becomes due. 648. The Present Worth of a debt payable at a future time without interest, is such a sum as, beiug... | |
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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,... 
