 | Edward Brooks - 1877 - 564 σελίδες
...10, $150. What was due April 1, 1871, at 8f»? Ans. $1255.81. TRUE DISCOUNT AND PRESENT WORTH. 647. Discount is an allowance made for the payment of money before it becomes due. 648. The Present Worth of a debt payable at a future time without interest, is such a... | |
 | Edward Brooks - 1877 - 438 σελίδες
...Vermont, and New Hampshire rules, see Brooks's Higher Arithmetic. TRUE DISCOUNT AND PRESENT WORTH. 494. Discount is an allowance made for the payment of money before it becomes due. 495. The Present Worth of a debt payable at a future time without interest is such a sum... | |
 | Robert Johnston (F.R.G.S.) - 1879 - 320 σελίδες
...at 4. per cent, in 3j years ? Tty v. ,P Ъ„У. rí,.1- 10° x £370 10'- £37050 DISCOUNT. 140» 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... | |
 | James Bates Thomson - 1880 - 324 σελίδες
...Thefinrtterm. p=_iL_. The number of term«, * = . log. (i+r) The ratio, r = ( - J" — I. DISCOUNT. 484. Discount is an allowance made for the payment of money before it is due. 485. The Present Worth of a debt payable at a future time is the sum which, if put at legal interest,... | |
 | Alexander Kennedy Isbister - 1882 - 190 σελίδες
...the amount of .€240, 15s. for 3 years, 6 weeks, and 4 days, at 2 J per cent, per annum ? DISCOUNT. DISCOUNT is an allowance made for the payment of money before it is due. Thus, if a person passed me a bill for .£105, to be paid at the end of a year, and I wished money... | |
 | 1885 - 420 σελίδες
...interest, principal is the sum loaned, on which the interest is calculated. Usury is unlawful interest. Discount is an allowance made for the payment of money before it is due; or, the amount the market value is below the par value. 2. The ratio of two numbers is the quotient... | |
 | William A. Campbell - 1887 - 224 σελίδες
...times. Indorsements are the receipts for payments written by the creditor upon the back of the note. Discount is an allowance made for the payment of money before it is due. The Face of a note is the sum named in it. The Present Worth of a note or debt payable at a future time... | |
 | John Fair Stoddard - 1889 - 200 σελίδες
...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... | |
 | Henry Stanton Tiffany - 1890 - 96 σελίδες
...applied towards discharging the principal, and interest is to be computed on the balance. Discount. Discount is an allowance made for the payment of money before it becomes due, and is either the interest on the debt for the time, which is called true discount, or... | |
 | Eugene L. Dubbs - 1893 - 238 σελίδες
...2 yr. 8 mo. at 6% is $480, and A's money is 2-J- times В's. How much has each? DISCOUNT. LESSON I. DISCOUNT is an allowance made for the payment of money before it becomes due. The present worth of a deb't payable at a future time, t, is the sum of money which; -eb~tt-... | |
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DISCOUNT is an allowance made for the payment of money before it is due. The present worth of a... 
