 | 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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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,... 
