| 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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