The Missionary Arithmetic Or Arithmetic Made Easy in a New Method Designed T
The Missionary Arithmetic Or Arithmetic Made Easy in a New Method Designed T
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In our eReader you can find the full English version of the book. Read The Missionary Arithmetic Or Arithmetic Made Easy in a New Method Designed T 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 The Missionary Arithmetic Or Arithmetic Made Easy in a New Method Designed T
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Divide the second dividend by the second divisor, and the quotient will be the present worth required.
Example. What is the present worth of an annuity of 40 dollars, to continue 5 years, discount at 5 per cent per an- num, compound interest ?
Operation, 1^ The amount of 1 dollar for i year at 5 per cent, is 1*0 5. This being involved to the 5th power, because 5 is the number of years, is 1-3762815625, which is the first divisor.
2. The annuity, 40 dollars, being divided by 1-2762815625, gives ...3 1-S4 104, for the first quotient ; which being subtracted from 40, the annuity, leaves 8-65896, f&^r the second dividend.
3. From 1-05, the amount of 1 dollar for 1 year, I subtract 1, and the remainder is -05, which is the second divisor.
4. The second dividend, 8-65896, being divided by -05, the second divisor, gives S 173* 175 2 for the present worth, which is the answer.
JSfote. To find ihe present worth for additional par
What to read after The Missionary Arithmetic Or Arithmetic Made Easy in a New Method Designed T?
You can find similar books in the "Read Also" column, or choose other free books by William Raymond Weeks to read online
To quickly assess the difficulty of the text, read a short excerpt:
Divide the second dividend by the second divisor, and the quotient will be the present worth required.
Example. What is the present worth of an annuity of 40 dollars, to continue 5 years, discount at 5 per cent per an- num, compound interest ?
Operation, 1^ The amount of 1 dollar for i year at 5 per cent, is 1*0 5. This being involved to the 5th power, because 5 is the number of years, is 1-3762815625, which is the first divisor.
2. The annuity, 40 dollars, being divided by 1-2762815625, gives ...3 1-S4 104, for the first quotient ; which being subtracted from 40, the annuity, leaves 8-65896, f&^r the second dividend.
3. From 1-05, the amount of 1 dollar for 1 year, I subtract 1, and the remainder is -05, which is the second divisor.
4. The second dividend, 8-65896, being divided by -05, the second divisor, gives S 173* 175 2 for the present worth, which is the answer.
JSfote. To find ihe present worth for additional par
What to read after The Missionary Arithmetic Or Arithmetic Made Easy in a New Method Designed T?
You can find similar books in the "Read Also" column, or choose other free books by William Raymond Weeks to read online
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