...interest at 6 psr cent. ? 6 \ per cent. ? 5¿ per cent. ? 8 per cent. ? Although this mode of calculating the present worth of a sum of money due at a future time is strictly equitable, and, for a long term of time, should always be used ; banks, always, and merchants,...

...principal, is called the Amount. The per cent, paid for the use of money one year, is called the Rate. The Present Worth of a sum of money due at a future time, is that amount which, put at interest now at the given rate, would then amount to that sum. True Discount...

...amount, at twice that rate for 4 years, is $444 ; required 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...

...If the market rate of interest is 5%, at what price will the shares sell ? 3. (a) What is meant by the present worth of a sum of money due at a future time? (b) If the use of money is worth 5% annually, what is the present worth of $525 due one year from now?...

...man who invested in 1887 and sold his investment December 31, 1903, would 1 The process of finding the present worth of a sum of money due at a future date is the exact converse of that of finding the amount at compound interest on a sum due at that...

...rate prevailing prior to the increased money supply? Give reasons for your answer. 5. What is meant by the present worth of a sum of money due at a future time? If the use of money is worth 5 per cent annually, what is the present worth of $525 due one year from...