Interest, Discount, Equation of Payments, With Numerous Problems for Solution

Interest, Discount, Equation of Payments, With Numerous Problems for Solution

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1853 edition. Excerpt: ...$628.13, due Dec. 17, 1852; $427.19, due Dec. 23, 1852; $371.16, due Dec. 30, 1852; $587.83, due Jan. 3, 1853; $987.62, due Jan. 7, 1853; and $843.28, due Jan. 14, 1853. What is the equated time of payment? 5. I owe $543.28, due April 24, 1853; $723.13, due May 11, 1853; $484, due Sept. 3, 1853; $426.18, due Oct. 10, 1853; $236, due Nov. 10, 1853. What is the equated time of payment? 6. What is the equated time for paying the following debts: $600, due March 7, 1850; $400, due June 11, 1850; $800, due Aug. 17, 1850; $500, due Oct. 3, 1850; and $1000, due Nov. 27, 1850? $11.39 24. EQUATION OF ACCOUNTS. The method of finding the equated time when each party owes the other, that is, when there are entries on both the debit and credit side of an account, does not differ in principle from that in which there are entries only on one side. The following example and solution will illustrate it: --1. The account books of A and B show that A owes B And that B owes A $426.70, due Jan. 7, 1852. $148.37, due Dec. 23, 1851. $413.65, due Feb. 3, 1852. $173.19, due Jan. 30, 1852. $169.28, due Apr. 13, 1852. $587.23, due May 7, 1852. $328.57, due Aug. 29, 1852. $658.45, due Sept. 30, 1852. When ought the balance to be paid?' Solution.--Suppose that April 13, 1852, be the assumed time of payment. Then, on debts due from A to B, A will showing the sum of gains to be..... $11,73 And he will lose interest of $328.57, April 13 7 56 to Aug. 29, 1852, 138 da.: ..... Excess of gain over loss, ....... $4.17 On debts due from B to A, A will lose int. of $148.37 from Dec. 23, 1851, to April 13, 1852, 112 da.: ....... lose int. of $173.19 from Jan. 30, 1852, to April 13, 1852, 74 da.: ........ Sum of losses, ........... And he will gain int. of $587.23 from...show more

Product details

  • Paperback | 24 pages
  • 189 x 246 x 1mm | 64g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 123695341X
  • 9781236953414