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" 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. "
A New and Complete System of Arithmetick: Composed for the Use of the ... - Σελίδα 273
των Nicolas Pike - 1822 - 532 σελίδες
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The Columbian Calculator: Being a Practical and Concise System of Decimal ...

Almon Ticknor - 1846 - 276 σελίδες
...is an allowance made for the payment of anj of money before it becomes due, and is the difference be that sum, due some time hence, and its present worth/" ' The present worth of any sum or debt not yet duefls so* as would, if put to interest, produce a sum equal to the discount ; or the interest...

The American Arithmetic

James Robinson (of Boston.) - 1847 - 304 σελίδες
...be the compound interest of $1500 for 5 years, at 6 per cent., payable yearly ? DISCOUNT. Art. 151 . DISCOUNT is an allowance made for the payment of any sum of money or debt, which is not on interest, before it is due ; or it is the difference between any given...

Daboll's Complete Schoolmaster's Assistant: Being a Plain Comprehensive ...

Nathan Daboll, David Austin Daboll - 1849 - 260 σελίδες
...you 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,...

The scholar's guide to arithmetic; or, A complete exercise-book

John Bonnycastle - 1851 - 314 σελίδες
...annum in the long annuities, which will terminate in 18 years, at 12$ years' purchase? Ans. 618/. 15s. 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. The present worth of...

A Practical Treatise on Algebra: Designed for the Use of Students in High ...

Benjamin Greenleaf - 1852 - 348 σελίδες
...ds, 33jf inches. SECTION XXIII. DISCOUNT AT SIMPLE INTEREST. ART. 287. Discount is an allowance for the payment of any sum of money before it becomes due, and is the difference between that sum and its present worth. The present worth of any sum, due some time hence, is such a sum, as, if put...

A Practical Treatise on Algebra: Designed for the Use of Students in High ...

Benjamin Greenleaf - 1854 - 374 σελίδες
...SECTION XXV. DISCOUNT AT SIMPLE INTEREST. ART. 291 i Discount is an allowance for the payment of anj sum of money before it becomes due, and is the difference between that sum and its present worth. The present worth of any sum due some time hence is such a sum as, if put at...

The Merchants', Students' and Clerks' Manual

James Robinson - 1856 - 108 σελίδες
...hundred dollars. "What was the balance due on this note January 1, 1856 ? ARTICLE XXXII. DISCOUNT. Discount is an allowance made for the payment of any sum of money or debt, which is not on interest, before it is due ; or it is the difference between any given...

A Treatise on Commercial Correspondence, for the use of schools, etc

Benjamin BAYLY (of Spitalfields.) - 1862 - 182 σελίδες
...balance in favor of the discount of £135 But the Eule of Interest should not be used in calculating the allowance made for the payment of any sum of money before it becomes clue, for interest is the premium, or money, which one person allows to another for the use of any...

The Principles of Arithmetic and Their Application to Business Explained in ...

Alexander Ingram - 1883 - 190 σελίδες
...due by Bell, £3, SB. llTaBV,d. 101 To Kidd, 53331 8550toBell. 6 8 319986 68400 68400 73000)251586 DISCOUNT Is an allowance made for the payment of any sum of money before it becomes due ; the present value of the debt is found by subtracting the discount from it. To find the Present Value....




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