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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

The New Normal Written Arithmetic: Designed for Common Schools, Normal ...

Edward Brooks - Arithmetic - 1877 - 444 pages
...Vermont, and New Hampshire rules, see Brooks's Hiyher Arithmetic. 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...

Robinson's Progressive Intellectual Arithmetic: On the Inductive Plan. Being ...

Horatio Nelson Robinson - 1878 - 180 pages
...in 16 years 8 months ? 20. At what per cent. will \$175 double itself in 2 years tí months ? 95. Tim present worth of a note payable at a future time is...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 -J of the...

The civil service arithmetic. [With] A key. [With] A key, Volume 1

Robert Johnston (F.R.G.S.) - 1879 - 318 pages
...at 4. per cent, in 3j years ? Tty v. ,P Ъ„У. rí,.1- 10° x £370 10'- £37050 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 before...

New Practical Algebra: Adapted to the Improved Methods of Instruction in ...

James Bates Thomson - Algebra - 1880 - 324 pages
...Thefinrtterm. p=_iL_. The number of term«, * = . log. (i+r) The ratio, r = ( - J" — I. DISCOUNT. 484. Discount is an allowance made for the payment of money before it is due. 485. The Present Worth of a debt payable at a future time is the sum which, if put at legal...

Unitary Arithmetic: Embodying the First Book of Arithmetic of the Irish ...

Alexander Kennedy Isbister - 1882 - 190 pages
...the amount of .€240, 15s. for 3 years, 6 weeks, and 4 days, at 2 J 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...

The Educational Weekly, Volume 3

Education - 1885 - 420 pages
...interest, principal is the sum loaned, on which the interest is calculated. Usury is unlawful interest. Discount is an allowance made for the payment of money before it is due; or, the amount the market value is below the par value. 2. The ratio of two numbers is the...

Reading Speller: A New Method of Teaching Spelling, Volume 2

William A. Campbell - Readers - 1887 - 224 pages
...at different times. Indorsements are the receipts for payments written by the creditor upon the back of the note. Discount is an allowance made for the payment of money before it is due. The Face of a note is the sum named in it. The Present Worth of a note or debt payable at a...

Robinson's Progressive Intellectual Arithmetic, on the Inductive Plan: Being ...

Horatio Nelson Robinson - Arithmetic - 1858 - 192 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 payment of monej before it becomes due, and is obtained by subtracting the •present worth from the given sum...