 | James Bates Thomson - Arithmetic - 1858 - 400 pages
...years, at 6 per cent. ? 17. What is the interest of $650 for 30 years, at 7 per cent.? DISCOUNT. 259. DISCOUNT is an allowance made for the payment of money before it is due. The present worth of a sum or debt, payable at a future time without interest, is the sum,... | |
 | Dana Pond Colburn - 1858 - 288 pages
...3Tsff per cent? 10. $363.48 in 1 yr. 4 mo. 20 da. at 6 per cent? 122* Discount and Present Worth. (a.) Discount is an allowance made for the payment of money before it is due. (b.) The PRESENT WORTH of a debt due at a future time is the sum which it is supposed to be... | |
 | Horatio Nelson Robinson - 1859 - 208 pages
...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, and is obtained by subtracting the present worth from the given sum or face of the note. 1. What is... | |
 | Robert Johnston (F.R.G.S.) - 1860 - 188 pages
...£970 ; what is each person-s share ? Ans. John, 'ei50 ; Henry, £270 ; Peter, £550. DISCOUNT. 181. 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... | |
 | Horatio Nelson Robinson - Arithmetic - 1860 - 190 pages
...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, and is obtained by subtracting the present worth from the given sum or face of the note. 1. What is... | |
 | Edward Liddell (writer on arithmetic.) - 1860 - 160 pages
...so that in case of loss both the value of the goods and the premium may be recovered ? DISCOUNT. 79. Discount is an allowance made for the payment of money before it is due. The following is one of the most frequent eases in which discount occurs :— A buys £100... | |
 | Edward Liddell (writer on arithmetic.) - 1861 - 192 pages
...so that in case of loss both the value of the goods and the preminm may be recovered ? DISCOUNT. 79. Discount is an allowance made for the payment of money before it is due. The following is one of the most frequent cases in which discount occurs : — A buys £100... | |
 | Charles Davies - Arithmetic - 1861 - 496 pages
...2.10084 2.52695 3.02559 3.61652 19 •-0 1.80611 2.19113 2.65329 3.20713 3.80968 20 DISCOUNT. 285. DISCOUNT is an allowance made for the payment of money before it is due. THE FACE of a note is the amount named in the note. THE PRESENT VALUE of a note, is such a... | |
 | Horatio Nelson Robinson - Arithmetic - 1863 - 188 pages
...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, and is obtained by subtracting the present worth from the given, sum or face of the note. 1. What is... | |
 | Edward Brooks - Arithmetic - 1863 - 350 pages
...and deduct the sum of these several amounts from the amount of tba principal." TRUE DISCOUNT. 333. Discount is an allowance made for the payment of money before it becomes due. , 334. The Present Worth of a sum, payable at some future time without interest, is such a sum as on... | |
| |
DISCOUNT. DISCOUNT is an allowance made for the payment of money before it is due. The present worth of a debt payable at some future time, without interest, is such a sum of money as will, if put at interest for the given time, amount to the debt. 
