The Alabama Lawyer: Official Organ State Bar of Alabama, Volume 24The Bar, 1963 |
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Pagina 254
... involved exceeds 8 % per annum . Putting i equal to 1/12 of .08 , or .00666 , the present value of the payments is $ 615.75 . This value is in excess of the principal debt , and the rate used is accordingly greater than the nominal rate ...
... involved exceeds 8 % per annum . Putting i equal to 1/12 of .08 , or .00666 , the present value of the payments is $ 615.75 . This value is in excess of the principal debt , and the rate used is accordingly greater than the nominal rate ...
Pagina 255
... involved is in excess of 8 % per annum . We could substitute 360 for p in the formula and test for the present value of the payments , or we can find p , and thus solve the practical prob- lem which confronted the parties at the time ...
... involved is in excess of 8 % per annum . We could substitute 360 for p in the formula and test for the present value of the payments , or we can find p , and thus solve the practical prob- lem which confronted the parties at the time ...
Pagina 302
... involved in a transaction . We can usually deter- mine this in a practical manner without solving directly for i . Example : A sells B a piano and agrees to take $ 520.00 for it . B agrees but wants to pay for it at $ 20.00 per month ...
... involved in a transaction . We can usually deter- mine this in a practical manner without solving directly for i . Example : A sells B a piano and agrees to take $ 520.00 for it . B agrees but wants to pay for it at $ 20.00 per month ...
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