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<p> B 10<lb/> <note> Annuity Notes</note></p> <p> <note> Plan <sic>Annot<hi rend="superscript">s</hi></sic><lb/> 1. Value &c<lb/. [8]<lb/> What the interest<lb/> proposed to be allowed<lb/> falls short of the precise<lb/> rate of 3 per Cent<lb/> per annum — </note> </p> <p> [8] [<hi rend="underline">Willson a . trifle</hi>] <del> Two of the proposed</del> The denominated<lb/> value of two of the proposed Notes is<lb/> £12.12<hi rend="superscript">s</hi>. the <add>yearly</add. interest of the two, at a farthing <lb/> a day, comes to 7<hi rend="superscript">s</hi> 7<hi rend="superscript">d</hi> 1/4: at6 3 per Cent per<lb/> annum, the principal of which a farthing a day<lb/> or 7<hi rend="superscript">s</hi> 7<hi rend="superscript">d</hi> 1/4 a year is the interest is — not exactly<lb/> £12:12<hi rend="superscript">s</hi>, but a trifle more, viz: £12:13<hi rend="superscript">s</hi>:5<hi rend="superscript">d</hi> 1/4: 2 2/3<hi rend="superscript">f</hi><lb/> Upon the proposed <gap/> the principal received will<lb/> not be so much as the principal of a farthing per<lb/> day by 1<hi rend="superscript">s</hi>:5<hi rend="superscript">d</hi>:2 2/3<hi rend="superscript">f</hi>: but on the other hand, striking<lb/> of the 1<hi rend="superscript">d</hi>:1<hi rend="superscript">f</hi> a year to make even money, and<lb/> to help defray the charges of management, the interest <lb/> paid fails of being equal to a farthing a day<lb/> by that amount. The quantity of interest forborn<add> struck off</add> <lb/> to be paid is something more than adequate to the <lb/> quantity of principal forborn <add> struck off</add> to be received: the <lb/> principal corresponding at 3 per Cent per annum is the<lb/> quantity of interest struck off <del>being</del> (viz: 1<hi rend="superscript">d</hi>:1<hi rend="superscript">f</hi>)<lb/> being 1662/3 farthings = 3<hi rend="superscript">s</hi>:5<hi rend="superscript">d</hi>:2 2/3<hi rend="superscript">f</hi>: while the<lb/> quantity of principal struck off is but 1<hi rend="superscript">s</hi>:5<hi rend="superscript">d</hi>:2 2/3<hi rend="superscript">f</hi>.<lb/> <del>The</del><add> Two shillings then being the</add> amount of principal struck off over and above<lb/. what corresponds to the amount of interest struck<lb/> off, at £12.12<hi rend="superscript">s</hi> the two annuity Notes together<lb/> are issued at 2<hi rend="superscript">s</hi> more than what at 3 per cent<lb/> is their precise value: consequently each one of<lb/> them is issued at 1<hi rend="superscript">s</hi> above its value; so that<lb/> though valued at £6.6<hi rend="superscript">s</hi> it <del>wants 1<hi rend="superscript">s</hi> of being</del> <add> <del> is at 3 per cent <gap/> above</del></add> <lb/> <del> adequate to the Annuity <add> the full purchase price of</add></del> is at 3 per cent, <add> sold for</add> 1<hi rend="superscript">s</hi> more<lb/> than the precise worth of the annuity granted <del>by</del> in<lb/> return for it.</p> | |||
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B 10
Annuity Notes
Plan Annots
1. Value &c<lb/. [8]
What the interest
proposed to be allowed
falls short of the precise
rate of 3 per Cent
per annum —
[8] [Willson a . trifle] Two of the proposed The denominated
value of two of the proposed Notes is
£12.12s. the yearly</add. interest of the two, at a farthing
a day, comes to 7s 7d 1/4: at6 3 per Cent per
annum, the principal of which a farthing a day
or 7s 7d 1/4 a year is the interest is — not exactly
£12:12s, but a trifle more, viz: £12:13s:5d 1/4: 2 2/3f
Upon the proposed the principal received will
not be so much as the principal of a farthing per
day by 1s:5d:2 2/3f: but on the other hand, striking
of the 1d:1f a year to make even money, and
to help defray the charges of management, the interest
paid fails of being equal to a farthing a day
by that amount. The quantity of interest forborn<add> struck off
to be paid is something more than adequate to the
quantity of principal forborn struck off to be received: the
principal corresponding at 3 per Cent per annum is the
quantity of interest struck off being (viz: 1d:1f)
being 1662/3 farthings = 3s:5d:2 2/3f: while the
quantity of principal struck off is but 1s:5d:2 2/3f.
The Two shillings then being the amount of principal struck off over and above<lb/. what corresponds to the amount of interest struck
off, at £12.12s the two annuity Notes together
are issued at 2s more than what at 3 per cent
is their precise value: consequently each one of
them is issued at 1s above its value; so that
though valued at £6.6s it wants 1s of being is at 3 per cent above
adequate to the Annuity the full purchase price of is at 3 per cent, sold for 1s more
than the precise worth of the annuity granted by in
return for it.
