The History of Corporate Finance: Developments of Anglo-American Securities Markets, Financial Practices, Theories and Laws Vol 3

A TABLE OF THE DISCOMPT or REBATE OF MONEYS at 6 per Cent. Simple Intereft.

SHEWING

The prefent Value of a Sura of Money due at the End of 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 24, or 36 Months.

Example

I have bought Goods amounting to 155 l. to be paid at the end of 3 Months, I defire to know how much Money paid down prefently will fatisfie this fum, difcompting after the Rate of 6 per Cent.

Here I mult feek for the fum in three parts thus,

l.		l.	s.	q.
100	Due at 3 Months end, worth prefently	98	10	5.32
50		49	5	2.66
5		4	18	6.27
		152	14	2.25

So that it appears by the Table that 152 l. 14 s. and 2d. 1q. pard down prefently, will fatisfie for 155 l. due at 3 Months end.

Difcompt, or Rebate,

at 6 per Cent.