The Principles and Practice of Arithmetic: Comprising the Nature and Use of Logarithms, with the Computations Employed by Artificers, Gagers and Land-Surveyors. Designed for the Use of Students
The Principles and Practice of Arithmetic: Comprising the Nature and Use of Logarithms, with the Computations Employed by Artificers, Gagers and Land-Surveyors. Designed for the Use of Students
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1840 Excerpt: ...three-fourths of a year is required, it is necessarily implied that the interest is due at the end of each quarter. When the equitable principle just mentioned is not attended to, it is customary to find the interest for one year in addition to the number of entire years expressed, and then to take the part or parts of ...
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1840 Excerpt: ...three-fourths of a year is required, it is necessarily implied that the interest is due at the end of each quarter. When the equitable principle just mentioned is not attended to, it is customary to find the interest for one year in addition to the number of entire years expressed, and then to take the part or parts of that interest which correspond with the proposed part or parts of a year, and to add it to the amount already obtained: but although this be not a bad approximation to the true amount, questions for the exercise of students should never be proposed which require its application. The operation last given, will preclude the necessity of laying down a rule in words, for finding the amount and compound interest of any sum, as far as practice may be concerned. The Natures and Transfers of Stocks. 134. Def. The exigencies of a Country sometimes compel its governing body to borrow, or to contract a Loan, for the benefit of the public service: and this is effected, by giving to the Lenders in exchange for their money, Government Bonds or Acknowledgments, implying that the Nation is indebted to them for the sums advanced, whilst it reserves to itself the option of the Time of paying off the Principal, on the express condition that the Interest is regularly discharged at the time fixed upon. 135. Any part of these bonds is transferable from one person to another at pleasure, and each bond is usually styled 100. Stock, bearing interest at a certain rate, the subdivisions of l. stock, being the same as those of sterling money. Thus, in what are called the 3, 3, and 4 per cent. Stocks, one of these bonds entitles its owner to the sums of l. 10s., l. 15., and 2. respectively, at the end of every half-year, as interest: and tha...
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