The Young Man's Monitory; Containing a Compendium of Federal Arithmetic, Adapted for the Easy and Regular Instruction of Youth in the Commerce of the United States

The Young Man's Monitory; Containing a Compendium of Federal Arithmetic, Adapted for the Easy and Regular Instruction of Youth in the Commerce of the United States : Also, Mensuration of the Works of Carpenters, Joiners, Bricklayers,

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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. 1820 edition. Excerpt: ...several given times, at which money is payable, to one mean, or equated time. ' Ruu-: . Nlultiply each payment by its time, and divide the total ofthe products, by the sum payable at the time required; the quotient will be the equated time. Paoos. The interest ofthe sum payable at the equated time, at any given rate, will equal the interest of the several payments, for their respective times..-EXAMPLES. 1. A owes B 100 dollars, of which 50 dollars are to be paid at 2 months, and the remainder at 4 months, but they agree to reduce them to one payment; when must the 2. A merchant has owing to him 600 dol. to be paid as follows, viz. 100 dol. at 2 months, 200 dol. at 5 months, and the rest at 8 months, but it is agreed to make one payment of the whole; when will that time be?./Ins. 6 months. 3. A certain gentleman purchased a plantation for 2400 ' dol. of which 480 dollars, are to be paid present, 960 dol. at 5 months, and the rest at 10 months, but they agree to make one payment ofthe wl1ole: .nd wish to know the time? Ans. 6 months. 4. A owes B a sum of money, which is to be discharged, viz. 1-at 2 months, at 4 months, at 6'months, and 1 at 8 months, but they agreeing to make, one payment of the whole; the equated time is required?../Ins. 5 months. 5. C is indebted to D Il52 dol. which by agreement is to be paid 5 months hence, but C is willing to pay him 192 dol. present, provided he will give him longer time to pay the remainder, which is agreed on; the time of payment is therefore required?./1na. 6 months. 6. E owes F, 504 dollars, which will be due 6 months hence, but E is willing to pay him 72 dol. present, provided he can have the remainder lb: -born a longer time, to which F agrees-; the time of payment is required 9-wins....show more

Product details

  • Paperback | 26 pages
  • 189 x 246 x 1mm | 68g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236928768
  • 9781236928764