 | William Smyth - 1851 - 272 pages
...16f years. Ex. 2. When will a principal be tripled at 5 per cent. ? ANS. In 40 yearS. DISCOUNT. LXV. Discount is an allowance made for the payment of money before it is due. The present worth of a debt due some time hence is a sum that, put at interest, will amount... | |
 | Charles Davies - 1852 - 344 pages
...2.854:533.37993 3.025593.61652 3.207138.86968 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 DISCOUNT. 261. DISCOUNT is an allowance made for the payment of money before it is due. THE FACE of a note is the amount named in the note.* NOTE. — DATS OF GRACE are days allowed... | |
 | Thomas H. Palmer - 1854 - 368 pages
...first nail, agreeably to the first offer ? COMPOUND DISCOUNT. Definitions. Am. 1 gill. . 1. Compound Discount is an allowance made for the payment of money before it is due, on the supposition that the money draws compound interest. 2. When compound interest is reckoned,... | |
 | Thomas H. Palmer - 1854 - 356 pages
...first nail, agreeably to the first offer ? Ans. 1 gill. COMPOUND DISCOUNT. Definitions. 1. Compound Discount is an allowance made for the payment of money before it is due, on the supposition that the money draws compound interest. 2. When compound interest is reckoned,... | |
 | George Roberts Perkins - 1855 - 388 pages
...for a given principal to double itself at simple interest at various rates per cent. DISCOUNT. 117. DISCOUNT is an allowance made for the payment of money before it is due. The present worth of a debt payable at some future time, without interest, is such a sum of... | |
 | Charles Davies - 1856 - 450 pages
...months, and compounded at 7 per cent: what will be the amount of the payment when due ? DISCOUNT. 228. DISCOUNT is an allowance made for the payment of money before it is due. THE FACE of a note is the amount named in the note. 229. The PRESENT VALUE of a note is such... | |
 | Charles Guilford Burnham - 1857 - 328 pages
...10s. for 7 years, at 6 per cent., compound interest ? Ans. £385 13s. l^d. DISCOUNT. Aft« 212. — DISCOUNT is an allowance made for the payment of money before it becomes due. The present 'worth of a debt due at any future period, is so much money as, being put on interest,... | |
 | Dana Pond Colburn - 1858 - 288 pages
...3Tsff per cent? 10. $363.48 in 1 yr. 4 mo. 20 da. at 6 per cent? 122* Discount and Present Worth. (a.) Discount is an allowance made for the payment of money before it is due. (b.) The PRESENT WORTH of a debt due at a future time is the sum which it is supposed to be... | |
 | James Bates Thomson - 1858 - 400 pages
...years, at 6 per cent. ? 17. What is the interest of $650 for 30 years, at 7 per cent.? DISCOUNT. 259. DISCOUNT is an allowance made for the payment of money before it is due. The present worth of a sum or debt, payable at a future time without interest, is the sum,... | |
 | Horatio Nelson Robinson - 1859 - 208 pages
...at interest at the given rate per cent. until it becomes due, will amount to the face of the note. Discount is an allowance made for the payment of money before it becomes due, and is obtained by subtracting the present worth from the given sum or face of the note. 1. What is the present... | |
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DISCOUNT. DISCOUNT is an allowance made for the payment of money before it is due. The present worth of a debt payable at some future time, without interest, is such a sum of money as will, if put at interest for the given time, amount to the debt. 
