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<p>[8][<hi rend='underline'>Making 3'.9<hi rend='superscript'>d</hi> 7'.7<hi rend='superscript'>d</hi> a year</hi>] &<lb/>[9][<hi rend='underline'>At the rate of 3 per Cent per annum</hi> | |||
] These intimations<lb/> — both of them — seem calculated to give<lb/>to give satisfaction to a customer; <add>purchaser;</add> and thereby to attract<lb/>customers <hi rend='underline'>purchasers</hi>. The interest <hi rend='underline'>per diem</hi> — half<!-- the word half is stricken out in pencil --> in farthing<lb/> — is so minute that without a good deal<lb/>of consideration — more consideration than seems<lb/>worth bestowing upon it — a man would scarce<lb/>be able to form any distinct conception of the<lb/>value. The rate of interest, expressed in the way<lb/>in which the rate of interest given for money is<lb/> customarily expressed, seems to give a man <add>a distinct</add> an idea <lb/>of the degree of profit a man makes by placing<lb/> out his money in this way.<lb/></p><p>On Exchequer Bills neither the total interest per<lb/> annum to be made on each Bill — (the total<lb/>profit to be made in the course of a year or <lb/>such large part of it as the Bill may have to <lb/>run —) nor the rate of interest — (in proportion<lb/>of profit to the sum invested — ) are thus exhibited.<lb/>At 3½ a day (the interest allowed within their<lb/>two or three years) the total <del>profit</del> of yearly interest<lb/>is £5:6':5<hi rend='superscript'>d</hi>½: the rate of interest therefore 5⅓ <lb/>per cent per annum very nearly: at 2½. more<lb/> viz: at £5:6':8<hi rend='superscript'>d</hi> it would be exactly 5⅓.<lb/></p> | |||
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[8][Making 3'.9<hi rend='superscript'>d 7'.7d a year</hi>] &
[9][At the rate of 3 per Cent per annum
] These intimations
— both of them — seem calculated to give
to give satisfaction to a customer; purchaser; and thereby to attract
customers purchasers. The interest per diem — half in farthing
— is so minute that without a good deal
of consideration — more consideration than seems
worth bestowing upon it — a man would scarce
be able to form any distinct conception of the
value. The rate of interest, expressed in the way
in which the rate of interest given for money is
customarily expressed, seems to give a man a distinct an idea
of the degree of profit a man makes by placing
out his money in this way.
On Exchequer Bills neither the total interest per
annum to be made on each Bill — (the total
profit to be made in the course of a year or
such large part of it as the Bill may have to
run —) nor the rate of interest — (in proportion
of profit to the sum invested — ) are thus exhibited.
At 3½ a day (the interest allowed within their
two or three years) the total profit of yearly interest
is £5:6':5d½: the rate of interest therefore 5⅓
per cent per annum very nearly: at 2½. more
viz: at £5:6':8d it would be exactly 5⅓.
This Page Has Not Been Transcribed Yet
Identifier: | JB/002/139/001"JB/" can not be assigned to a declared number type with value 2. |
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[[marginal_summary_numbering::[8] [9]]] |
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002 |
annuity notes |
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139 |
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001 |
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text sheet |
1 |
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recto |
d4 |
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jeremy bentham |
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878 |
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