Mayhew's Practical Book-Keeping Key
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In our eReader you can find the full English version of the book. Read Mayhew's Practical Book-Keeping Key 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 Mayhew's Practical Book-Keeping Key
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To quickly assess the difficulty of the text, read a short excerpt:
184. The discount of a bank note subtracted from its yac« gives the present worth of the note, or its proceeds.
QuKST. 180. How do you find the present worth of a sum dne at a future time ?
•—181. How do you find the true discowntf — 182. What is Bank Discount? What tre dayt of grace/ — 183. How do you find the Bank Discount on a note or draft dne at a future time without interest 1 — 184. How do you find the proceeds of such a note!
1S6 EXAMPLES FOR PRACTICE.
185. To find the present worth by ...Bank Discount of a note due at a future time, and drawing interest at a given rate per cent., Compute the interest on the note to the time it becomes due.
The Bank Discount subtracted from the amount of the note when due, will give its present worth.
In case I present an approved note of $100 at the Bank, payable in one year, without interest, and ask to have the same discounted, interest being at 7 per cent, for a year, the officers of the Bank will give me $100, less the interest of $100, or $93.
What to read after Mayhew's Practical Book-Keeping Key?
You can find similar books in the "Read Also" column, or choose other free books by Mayhew Ira to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
184. The discount of a bank note subtracted from its yac« gives the present worth of the note, or its proceeds.
QuKST. 180. How do you find the present worth of a sum dne at a future time ?
•—181. How do you find the true discowntf — 182. What is Bank Discount? What tre dayt of grace/ — 183. How do you find the Bank Discount on a note or draft dne at a future time without interest 1 — 184. How do you find the proceeds of such a note!
1S6 EXAMPLES FOR PRACTICE.
185. To find the present worth by ...Bank Discount of a note due at a future time, and drawing interest at a given rate per cent., Compute the interest on the note to the time it becomes due.
The Bank Discount subtracted from the amount of the note when due, will give its present worth.
In case I present an approved note of $100 at the Bank, payable in one year, without interest, and ask to have the same discounted, interest being at 7 per cent, for a year, the officers of the Bank will give me $100, less the interest of $100, or $93.
What to read after Mayhew's Practical Book-Keeping Key?
You can find similar books in the "Read Also" column, or choose other free books by Mayhew Ira to read onlineMoreLess
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