A New and Complete System of Arithmetick: Composed for the Use of the Citizens of the United States |
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Page ix
... Present Worth of Annuities at Compound Interest Annuities in Reversion at Compound Interest Table , shewing the amount of £ 1 or $ 1 from 1 year to 50 315 320 324 330 332 334 shewing the present worth of £ 1 or $ 1 from 1 year to 40 ...
... Present Worth of Annuities at Compound Interest Annuities in Reversion at Compound Interest Table , shewing the amount of £ 1 or $ 1 from 1 year to 50 315 320 324 330 332 334 shewing the present worth of £ 1 or $ 1 from 1 year to 40 ...
Page 275
... present worth . The present worth of any sum or debt , 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 ...
... present worth . The present worth of any sum or debt , 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 ...
Page 276
... present worth from the given sum , and the remain- der will be the discount required . Or , As the amount of £ 100 for the given rate and time , is to the interest of £ 100 for that time : so is the given sum or debt to the discount ...
... present worth from the given sum , and the remain- der will be the discount required . Or , As the amount of £ 100 for the given rate and time , is to the interest of £ 100 for that time : so is the given sum or debt to the discount ...
Page 277
... Present worth 142.217 640 636 4 2. What is the present worth of $ 426 paid 8 months hence ? 3. What is the discount of £ 361 15s . 8 months hence ? 55c . at 6 per cent . to be Ans . $ 410 14c . 5m . 6d . to be paid 1 year and Ans . £ 32 ...
... Present worth 142.217 640 636 4 2. What is the present worth of $ 426 paid 8 months hence ? 3. What is the discount of £ 361 15s . 8 months hence ? 55c . at 6 per cent . to be Ans . $ 410 14c . 5m . 6d . to be paid 1 year and Ans . £ 32 ...
Page 279
... present worth . RULE . Multiply the ratio by the time , add unity to the product for a divisor ; by which sum divide the sum to be discounted , and the quotient will be the present worth . * Subtract the present worth from the principal ...
... present worth . RULE . Multiply the ratio by the time , add unity to the product for a divisor ; by which sum divide the sum to be discounted , and the quotient will be the present worth . * Subtract the present worth from the principal ...
Contents
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Other editions - View all
The New Complete System of Arithmetick: Composed for the Use of the Citizens ... Nicholas Pike No preview available - 2018 |
A New and Complete System of Arithmetick: Composed for the Use of the ... Nicolas Pike No preview available - 2017 |
Common terms and phrases
amount annexed annuity annum answer assumed root Avoirdupois balance bushels common difference compound interest contained cube root cubick currency cyphers decimal denominator diameter discount ditto divide the product dividend divisor dollars Dominical Letter ells endorsement English Epact equal EXAMPLES farthings Federal Money feet figure find the value foot fourth gain gallons geometrical Geometrical Progression given number gold Golden Number greatest term guineas half Hence inches integer last term Leger length livres Livres Tournois measure method miles moidores months multiplicand Multiply Note number of terms ounces paid payment pence pound sterling pounds present worth principal Prob Proof proportion quotient rate per cent ratio Reduce remainder repetend right hand shew shillings side solid Spanish dollar specifick gravity square root sterling subtract Suppose surd Table third term velocity vulgar fraction weight whole number
Popular passages
Page 269 - If the payment be less than the interest, the surplus of interest must not be taken to augment the principal; but interest continues on the former principal until the period when the payments, taken together, exceed the interest due, and then the surplus is to be applied towards discharging the principal; and interest is to be Computed on the balance, as aforesaid.
Page 268 - But if any payments be made before one year's interest hath accrued, then compute the interest on the principal sum due on the obligation, for one year, add- it to the principal, and compute the interest on the sum paid, from the time it was paid up to the end of the year; add it to the sum paid...
Page 268 - Compute the interest to the time of the first payment ; if that be one year or more from the time the interest commenced, add it to the principal, and deduct the payment from the sum total. If there be after payments made, compute the interest on the balance due to the next payment, and then deduct the payment as above; and in like manner from one payment to another, till all the payments are absorbed; provided the time between one payment and another be one year or more.
Page 195 - Separate the given number into periods of three figures each, by putting a point over the unit figure and every third figure beyond the place of units. 2. Find the greatest cube in the left hand period, and put its root in the quotient. 3.
Page 198 - Multiply the divisor, thus augmented, by the last figure of the root, and subtract the product from the dividend, and to the remainder bring down the next period for a new dividend.
Page 188 - Find the greatest square number in the first or left hand period, place the root of it at the right hand of the given number, (after the manner of a quotient in division...
Page 154 - Is when the several shares of stock are continued in trade an equal term of time. RULE. As the whole stock is to the whole gain or loss : so is each man's particular stock, to his particular share of the gain or loss.
Page 273 - 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.
Page 268 - ... then compute the interest on the principal sum due on the obligation for one year, add it to the principal, and compute the interest on the sum paid, from the time it was paid, up to the end of the year : add it to the sum paid, and deduct that sum from the principal and interest added as above...
Page 188 - Double the figures already found in the root for a new divisor, (or, bring down your last divisor for a new one, doubling the right hand figure of it,) and from these find the next figure in the root, as last directed, and continue the operation in the same manner, till you have brought down all the periods.