 | Samuel Read Hall - 1832 - 294 σελίδες
...questions in these rules is the same as in simple interest, and needs no farther illustration. DISCOUNT. Discount is an allowance made for the payment of any sum of money before it becomes due, according to a certain rate per cent. agreed on between the parties concerned. If I am to pay A 100... | |
 | Daniel Adams - 1833 - 268 σελίδες
...amount to $ 397'50. The question, therefore, does not differ from the preceding. Ans. $ 375. Note. An allowance made for the payment of any sum of money before it becomes due, as in the last example, is called Discount. The sum which, put at interest, would, in the time and... | |
 | George Alfred - 1834 - 336 σελίδες
...which Y consents ; the time of forbearance is therefore demanded. Ans. 12 months. REBATE OR DISCOUNT. Discount is an allowance made for the payment of any sum of. money before it becomes due, and is the true difference between the original debt and its present worth in cash. The present worth of any sum,... | |
 | Lyman Cobb - 1835 - 246 σελίδες
...same capacity will empty it in 4omin. ? Am. S30 pipes. DISCOUNT. Q. What is Discount? A. Disc, unit is an allowance made for the payment of any sum of money before it becomes due, ur upim advancing ready money on notes, bills, obligation!), &c., which are payable at some future... | |
 | Lyman Cobb - 1836 - 228 σελίδες
...pipes of the same capacity will empty it in 45mi». 1 Ans. 20 pipes. DISCOUNT. Q. What is Discount? A. Discount is an allowance made for the payment of any sum of money before it becomes due, or upon advancing ready money on notes, bills, obligations, &c., which are payable at some future day... | |
 | Peirpont Edward Bates Botham - 1837 - 252 σελίδες
...$950 4. Required the sum that will purchase $4039 stock at 94 per cent 2 Ans. $3796 : 66 DISCOUNT. Discount is an allowance made for the payment of any sum of money, before it becomes due, according to a certain rate per sent agreed on between the parties concerned. ECLE : — Find the.... | |
 | Luther Ainsworth - 1837 - 298 σελίδες
...interest, $5730,98 cts. 9 m. ( Last balance, $730,98 cts. 9 m. DISCOUNT. Q, What is Discount ? A. It is an allowance made for the payment of any sum of money before it becomes due, or for advancing ready money for notes, bills of exchange, &c. which are payable at a future day. Q.... | |
 | Nathan Daboll - 1837 - 262 σελίδες
...years, at С per cent per annum ? -A •'•••-, ri DISCOUNT. Л ~|P 135 DISCOUNT, \ Is an aUowance made for the payment of any sum of '-" money before it becomes due ; or upon advancing ready money for notes, bills, &c. which are payable at a future day. What remains... | |
 | Nathan Daboll - 1839 - 220 σελίδες
...yon calculate interest for What is the Rule for Compound Intermonths and days, at 6 per cent ? est ? DISCOUNT Is an allowance made for the payment of any sum of money before it becomes due. After the discount is deducted, the remainder is the present worth ; or, such a sum as, if put at interest,... | |
 | Osman Call - 1842 - 200 σελίδες
...which compounds the interest from that time. This practice is not correct. Discount and Present Worth. Discount is an allowance made for the payment of any...and its present worth. The present worth of any sum due some time hence, is such a sum as, when put at interest, wowld, in that time, and at the given... | |
| |
The present worth of any sum, due some time hence, is such a sum, as, if put to interest, would in that time, and at the rate per cent. for which the discount is to be made, amount to the sum or debt then due. 
