 | Beriah Stevens - 1822 - 436 σελίδες
...snt worth, as require^. THSCOUXT Is an allowance made for tIu? payment of any sum of money beT fore it becomes due, and is the difference between that...and its present worth. The present worth of any sum, oc debt, due some time hence, i» such a sum, as if pot to interest, would in that time, and at the... | |
 | Jacob Willetts - 1822 - 200 σελίδες
...before it becomes due, according to a certain rate per cent. agreed on between the parties concerned. The Present Worth of any sum, or debt, due some time hence, is iw.ha sum, as, if put to interest, for that time, at a certain Kite per cent, would amount to the sum,... | |
 | Leonard Pierce - 1823 - 170 σελίδες
...due. 1 Tut. Discount is *n allowance made by the creditor to the debtor, for the payment of a debt before it becomes due, and is the difference between that sum, due sometime hence, and its present worth. If A. owe Bi $500, payable in 6 months, with interest, after... | |
 | John Penrose (teacher of arithmetic.) - 1824 - 320 σελίδες
...paid by the holder of a bill or note, on being advanced cash for it, before it becomes due or payable. The present worth of any sum or debt, due some time hence, is such a sum 'as if put to interest for that time, at a certain rate per cent per annum, would amount to the sum or debt. The present legal... | |
 | Daniel Adams - 1825 - 238 σελίδες
...payment of any sum of money before it becomes due, and is the difference between that sum, due sometime hence, and its present worth. The present worth of any sum or debt due some time hence, is such a «urn as, if put to interest, would in that time and at the rate per cent for which the discount is... | |
 | Zadock Thompson - 1826 - 176 σελίδες
...finding Com- I Interest by decimals ? pound Interest ? ' DISCOUNT is an allowance made for the payment of money before it becomes due, and is the difference...sum, or debt due some time hence, is such a sum as would, in the given time, at the given rate, if put to interest, amount to the sum or debt then due.*... | |
 | Nicolas Pike, Dudley Leavitt - 1826 - 222 σελίδες
...sum of money before it becomes due ; or it is the difference between any sum due at some future time, and its present worth. The present worth of any sum, or debt, due at any future time, is such a sum, as if put at interest, would in that time and at the rate per cent.... | |
 | Martin Ruter - 1828 - 180 σελίδες
...amounting to $4820 at 4J per cent.? Ans. $216,9O. DISCOUNT. Discount is an allowance made for th« payment of any sum of money before it becomes due, and is the difference between that stim, due some time hence, and its present worth. RULE. As the amount of $100 at the given rate and... | |
 | William Slocomb - 1828 - 160 σελίδες
...Money changed to Pennsylvania, &c, currency? DISCOUNT. a DISCOUNT Is an allowance made for the payment of money before it becomes due, and is the difference between that sum and its present worth. RULE. b As the amount of 100 dollars, for the given rate and time, Is to 100... | |
 | William Kinne - 1829 - 246 σελίδες
...Sum covered. 1f 890 : $100 : : $1800 : $2000 Ans,, DISCOUNT. DISCOUNT is an allowance made for the payment of any sum of money before it becomes due...and its present worth. 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... | |
| |
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. 
