 | Joseph Ray - 1857 - 348 σελίδες
...per cent, is 6, this sum would be S100 ; for, the amount of $100 at interest for 1 year, at 6 ./0, is $106. Art. 220. The PRESENT WORTH of a debt payable...payment. ART. 236. 1. Find the Present Worth of $224, due 2 yr. hence, without interest, money being worth 6 % per annum. SOLUTION. — The amount of $1 for... | |
 | Horatio Nelson Robinson - 1859 - 348 σελίδες
...DISCOUNT. 313. Discount is an abatement or allowance made for the payment of a debt before it is due. 313. The Present Worth of a debt, payable at a future time without interest, is such a sum as, being put at legal interest, will amount to the given debt when it becomes due. 1. A... | |
 | Horatio Nelson Robinson - 1860 - 444 σελίδες
...DISCOUNT. 55G. Discount is an abatement or allowance made j'ov the payment of a debt before it is due. 557. The Present Worth of a debt, payable at a future time without interest, is such a sum as, being put at legal interest, will amount 10 the given debt when it becomes due. 1. What... | |
 | James Stewart Eaton - 1862 - 320 σελίδες
...DISCOUNT. 25~. DISCOUNT is an abatement or deduction made for the payment of a debt before it is due. The PRESENT WORTH of a debt, payable at a future time without interest, is, evidently, a sum which, put at legal interest, will amount to the debt at the time of its becoming... | |
 | Walter McLeod - 1863 - 154 σελίδες
...worth of the debt is ¿£l05 — ¿£5, that is £100. 2. The present worth, therefore, of a delit payable at a future time without interest. is that sum which, at a specified rate per cent. lor the same time, would amount to that debt. Thus, t\ie present worth of £103 due at the... | |
 | James Stewart Eaton - 1864 - 322 σελίδες
...DISCOUNT. 252. DISCOUNT is an abatement or deduction made for the. payment of a debt before it is due. The PRESENT WORTH of a debt, payable at a future time without interest, is, evidently, a sum which, put at legal interest, will amount to the debt at the time of its becoming... | |
 | Joseph Ray - 1857 - 358 σελίδες
...rate per cent, is 6, this sum would be §100 ; for, the amount of §100 at interest for 1 year, at 6 %, is $106. Art. 220. The PRESENT WORTH of a debt...without interest, is that sum which, at a specified rate of0 for the same time, would amount to the debt. The DISCOUNT is the sum deducted for present payment.... | |
 | Daniel W. Fish - 1874 - 526 σελίδες
...of goods, or an allowance made for the payment of a debt or other obligation before it is due. GOO. The Present Worth of a debt payable at a future time without interest, is such a sum as, being put at legal interest, will amount to the debt when it becomes due. 6O1. The True... | |
 | Daniel W. Fish - 1874 - 302 σελίδες
...an allowance made for the payment of a debt or other obligation before it is due. OCX). The Prcaent Worth of a debt payable at a future time without interest, is such a sum as, being put nt legal interest, will amount to the debt when it becomes due. EXERCISES.... | |
 | Horatio Nelson Robinson - 1875 - 462 σελίδες
...DISCOUNT. 55G. Discount is an abatement or allowance made for the payment of a debt before it is due .1.57. The Present Worth, of a debt, payable at a future time without interest, is such a sum as, being put at legal interest, will amount to the given debt when it becomes due. 1. What... | |
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The Present Worth of a debt, payable at a future time without interest, is such a sum as, being put at legal interest, will amount to the given debt when it becomes due. 
