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" 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. "
Mathematical Formulae: For the Use of Candidates Preparing for the Army ... - Σελίδα 10
των R. M. Milburn - 1880 - 100 σελίδες
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The Progressive Practical Arithmetic, Containing the Theory of Numbers, in ...

Horatio Nelson Robinson - 1859 - 336 σελίδες
...amount of $.10 for 20 years, at 7 per cent.? Ans. $.38696. 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...

Bryant & Stratton's National Book-keeping: an Analytical and Progressive ...

Henry Beadman Bryant - 1864
...per cent., add j ; if 8 per cent., edd j, or i ; if 9 per cent., add i, etc. DISCOUNT DISCOUNT is an allowance made for the payment of a debt before it is due. The praent worth of such a debt is that sum which being put at interest for the given time, would at...

The Analysis of Written Arithmetic: Book Second, Designed for Public and ...

Stoddard A. Felter - 1864 - 394 σελίδες
...for 4 years 8 months and 28 days, payable quarterly? « LESSON LXXXI. 259, Discount is a deduction or allowance made for the payment of a debt before it is due. Its symbol is D. 260. The Present Worth of a sum due at a future time without interest, is such a sum...

Artithmetic theoretical and practical

William Harding Girdlestone - 1867
...end of that tfine amount to the debt itself'. Def. Diseount is the abatement made in consideration of the payment of a debt before it is due ; and is the...simple interest of the present worth of the debt. Hence debt - discount = present worth, and debt - present worth = discount. From these definitions...

Advanced arithmetic. [With] Key by W.M. Mansfield

Thomas W. Piper - 1874
...Discount, which is the simple interest on the future debt. 2, True Discount, which is the abatement made on the payment of a debt before it is due, and is the simple interest on the present worth * of the debt. Hence — The future debt - the present worth = true discount....

The Question Book: A General Review of Common School Studies : to be Used in ...

Asa Hollister Craig - 1878 - 282 σελίδες
...of a note, or any obligation, stating the time and amount of a partial payment. 80. Discount is an allowance made for the payment of a debt before it is due. The present worth of a debt is such a sum, which, being put at legal interest would amount to the debt...

The Question Book: A General Review of Common School Studies ...

Asa Hollister Craig - 1879 - 340 σελίδες
...of a note, or any obligation, stating the time and amount of a partial payment. 80. Discount is an allowance made for the payment of a debt before it is due. The present worth of a debt is such a sum, which, being put at legal interest would amount to the debt...

The Progressive Higher Arithmetic: For Schools, Academies, and Mercantile ...

Horatio Nelson Robinson - 1875 - 446 σελίδες
...compound interest ? At 7 % ? Ans. to last, 10 yr. 2 mo. 26 da. DISCOUNT. 556. Discount is an abatement or allowance made for 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...

The Weston school manual

Colin Arrott R. Browning - 1884
...given time is the sum which, put out to interest for that time, would amount to the debt then due. Discount is the allowance made for the payment of...present time to the time when the debt would be due. Then amount of £100 for the given time at the given rate per cent. : given sum:: £100 : present worth...

Complete Arithmetic: Elements and Commercial. New Series

Christian Brothers - 1888
...20, $2000 ; Feb. 1, 1871, $100. What was due June 2, 1871, at 1% ? V DISCOUNT. 109. Discount is an allowance made for the payment of a debt before it is due. 110. The Present Worth of a debt payable at a future time without interest, is such a sum as being...




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