Second Lessons in Arithmetic

Second Lessons in Arithmetic

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1888 edition. Excerpt: ...for the note? Compare with Example 41. Ans. $100; because the payment of $100 now will insure his getting $106 from Mr. Blake a year hence; that is, in one year he will get back his $100 and in addition $6 (6) as interest. The $100 that Mr. Sawin can afford to pay for the note now is called the Present Worth of the note. The Present Worth of a debt due at some future time, without interest, is the sum present which, put at interest, will amount to Worth. the debt when it becomes due. 57. Find the present worth on Jan. 1, 1885, of each of the following notes, regarding the rate of interest in getting the present worth of A to be 4fc; of B to be 8fc; of C to be 4; of D to be 6;and of E to be The pupil should fill in the date of the day on which he performs this example. A. fl0S, . San Francisco, Cal., Jan. 1, 1885. For Value Received, I promise to pay B. M. Snow, or order, one hundred eight and y dollars in two years from this date. A. B. Cook. Compare with Example 42 B. f 348 j. New York, N. Y., Jan. 1, 1885. For Value Received, I promise to pay D. E. Faunce, or order, three hundred forty-eight and-jn0 dollars in two years from this date. B. C. Dowd. Compare with Example 43. C. $448-. Chicago, Ill., Jan. 1, 1885. For Value Received, I promise to pay E. F. Griffin, or order, four hundred forty-eight and-j dollars in three years from this date. C. D. Evarts. Compare with Example 44. D. i218fy. New Orleans, La., Jan. 1, 1885. For Value Received, I promise to pay F. G. Hale, or order, two hundred eighteen and po"q dollars in one year and six months from this date. D. E. Fales. Compare with Example 45. Where nothing is said about interest, no interest can be claimed if the sum promised is paid when due. E. $60y. Indianapolis, Ind., Jan. 1, 1885....show more

Product details

  • Paperback | 54 pages
  • 189 x 246 x 3mm | 113g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236558855
  • 9781236558855