 | Horatio Nelson Robinson - 1859 - 348 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... | |
 | Henry Beadman Bryant - 1864 - 230 σελίδες
...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... | |
 | Stoddard A. Felter - 1864 - 412 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... | |
 | William Harding Girdlestone - 1867 - 368 σελίδες
...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... | |
 | Thomas W. Piper - 1874 - 352 σελίδες
...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.... | |
 | Asa Hollister Craig - 1878 - 296 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... | |
 | Asa Hollister Craig - 1879 - 354 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... | |
 | Horatio Nelson Robinson - 1875 - 472 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... | |
 | Colin Arrott R. Browning - 1884 - 274 σελίδες
...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... | |
 | Christian Brothers - 1888 - 484 σελίδες
...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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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. 
