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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 Normal Standard Arithmetic: By Analysis and Induction, Designed ..., Part 2

Edward Brooks - Arithmetic - 1895 - 198 pages
...at the same rate it is \$5310; required the principal and the rate. DISCOUNT AND PRESENT WORTH. 473. Discount is an allowance made for the payment of money before it becomes due. 474. The Present Worth of a debt payable at a future time without interest is such a sum as, being...

George Albert Wentworth - Arithmetic - 1898 - 424 pages
...into how many equal parts a unit is divided. Difference. The number found by subtraction. Discount. An allowance made for the payment of money before it becomes due. Also, the difference between the market value and the face value when the market value is below the...

George Albert Wentworth - Arithmetic - 1898 - 424 pages
...into how many equal parts a unit is divided. Difference. The number found by subtraction. Discount. An allowance made for the payment of money before it becomes due. Also, the difference between the market value and the face value when the market value is below the...

George Albert Wentworth - 1898 - 424 pages
...into how many equal parts a unit is divided. Difference. The number found by subtraction. Discount. An allowance made for the payment of money before it becomes due. Also, the difference between the market value and the face value when the market value is below the...

Business - 1905 - 168 pages
...— All interest forfeited; 8 per cent; 12 per cent; grace on all negotiable instruments. 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...