 | Edward Brooks - Arithmetic - 1863 - 350 pages
...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 interest for the time, at a certain rate, will amount to the sum. The Present Worth corresponds... | |
 | Shelton Palmer Sanford - Arithmetic - 1872 - 404 pages
...Hence, ART. 256. DISCOUNT is a deduction made for the payment of money before it becomes due. ART. 257. The PRESENT WORTH of a debt payable at some future time without interest is such a sum as, being put at interest, would amount to the debt at the time when the debt becomes due. Hence, The DISCOUNT is... | |
 | Samuel Mecutchen, George Mornton Sayre - Arithmetic - 1877 - 200 pages
...$350; Aug. 30, 1876, $400; Nov. 14, 1876, $50. What was due Jan. 1, 1877? PRESENT WORTH AND DISCOUNT. The Present Worth of a debt payable at some future time without interest is that sum of money which, at legal interest for the given time, will amount to the debt. Thus, the present... | |
 | John Fair Stoddard - Arithmetic - 1889 - 200 pages
...7 per cent., amount to $87? 10. In 8f years, at 6 per cent., amount to $76 ? The present, ivortli, of a debt payable at some future time, without interest, is such a sum as will, in the given time, and at the given rate per cent., amount to the debt. Hence, the present worth... | |
 | George Washington Hull - Arithmetic - 1895 - 408 pages
...price and still have a profit of 10% ? 190. True Discount. The Present Worth of a sum of money due at some future time without interest is such a sum as, being on interest for the given time, will amount to the given sum. 191. The True Discount is the difference... | |
 | George Washington Hull - Arithmetic - 1896 - 152 pages
...the principal and the first rate per cent. V. Present Worth. The Present Worth of a sum of money due at some future time, without interest, is such a sum as being on interest for the time will amount to the given sum. The True Discount is the difference between... | |
 | Edward Brooks - Mental arithmetic - 1873 - 188 pages
...much as the house, and the house twice as much as the store? LESSON VIII. To Find the Principal. 1. THE present worth of a debt payable at some future time, without interest, is such a sum as would, at a given rate per cent., amount to the debt at the time it becomes due. 2. The discount is... | |
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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, in the given time, amount to the debt. 
