| 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... | |
| 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... | |
| 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... | |
| 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... | |
| 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... | |
| 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... | |
| 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... | |
| 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... | |
| Henry Stanton Tiffany - Depreciation - 1890 - 96 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... | |
| Eugene L. Dubbs - Arithmetic - 1893 - 238 pages
...2 yr. 8 mo. at 6% is $480, and A's money is 2-J- times В's. How much has each? DISCOUNT. LESSON I. **DISCOUNT is an allowance made for the payment of money before it becomes due.** The present worth of a deb't payable at a future time, t, is the sum of money which; -eb~tt- given... | |
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