Agricultural Credit
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In our eReader you can find the full English version of the book. Read Agricultural Credit Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Agricultural Credit
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The borrower will pay $24. 25 as usual ; of this amount, only $10 will go for interest, 88 cents will be retained by the bank, while $13. 37 will be applied to the discharge of the principal. The final payment will be almost wholly devoted to the payment of principal as the first one went largely to the payment of interest. In this way, AGRICULTURAL CREDIT 69 one half of i per cent will repay the principal in 54 years, pro- vided a constant payment is maintained on the principal for interest du...ring the entire period. The manifest advantages are so great that we should press this matter most vigorously.
This system of making loans for agricultural purposes was first undertaken by cooperative mortgage associations in Ger- many. The joint stock banks, representing private capital, ac- cepted this plan of transacting business as soon as it was dem- onstrated that farmers by cooperation could secure capital in the world's markets at fair terms. Both systems have been in successful operation for many years.
What to read after Agricultural Credit?
You can find similar books in the "Read Also" column, or choose other free books by Bullock, Edna Dean, 1869- to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The borrower will pay $24. 25 as usual ; of this amount, only $10 will go for interest, 88 cents will be retained by the bank, while $13. 37 will be applied to the discharge of the principal. The final payment will be almost wholly devoted to the payment of principal as the first one went largely to the payment of interest. In this way, AGRICULTURAL CREDIT 69 one half of i per cent will repay the principal in 54 years, pro- vided a constant payment is maintained on the principal for interest du...ring the entire period. The manifest advantages are so great that we should press this matter most vigorously.
This system of making loans for agricultural purposes was first undertaken by cooperative mortgage associations in Ger- many. The joint stock banks, representing private capital, ac- cepted this plan of transacting business as soon as it was dem- onstrated that farmers by cooperation could secure capital in the world's markets at fair terms. Both systems have been in successful operation for many years.
What to read after Agricultural Credit?
You can find similar books in the "Read Also" column, or choose other free books by Bullock, Edna Dean, 1869- to read onlineMoreLess
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