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Arithmetic by Grades for Inductive Teaching, Drilling and Testing Volume 7

Arithmetic by Grades for Inductive Teaching, Drilling and Testing Volume 7


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About the Book

This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1894 edition. Excerpt: ... from July 1 to July 10 9 days. $4320 for 1 day from July 10 to July 15 from July 15 to Aug. 3 from Aug. 3 to Aug. 20 2. Wm. P. Scott deposited, April 18, $250; April 30, $380; May 3, $220; May 10, 360; May 17, $410; May 24, $180. He withdrew, April 25, $200; May 15, $500; May 30, $300. What was the amount to Scott's credit June 1, allowance of 4% interest on daily balances? 3. Co-operative Banks or Loan Associations receive deposits at stated times, and lend money for building and other purposes to members or stockholders. The amount paid in by stockholders, generally $1 a month on each share, constitutes the capital of the bank. The profits of the bank or association are derived from interest of money loaned, from premiums paid for the privilege of securing a loan, and from fines exacted from members who do not pay their dues at the appointed time. The plans of operation vary much in the different sections of the country, both as to State supervision and modes of making loans. 4. Get from the nearest co-operative bank a copy of the rules governing its operation, and make problems to find the cost of stock, the present value of shares, the amount of premium, what rate of interest is paid investors, and what rate of interest borrowers must pay. From the rules of the association find answers to the following questions: What laws govern the establishment and maintenance of the association? What constitutes the capital? Who are the stockholders? How much are the dues, and when paid? By what plan are loans made? What rate of interest? Stocks and Bonds. 1. Three partners in a manufacturing business decide for certain reasons to form a stock company. They decide that their business, including building, tools, stock, etc., is worth $60,000. The...


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Product Details
  • ISBN-13: 9781230176369
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 30
  • Spine Width: 2 mm
  • Width: 189 mm
  • ISBN-10: 1230176365
  • Publisher Date: 13 Sep 2013
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 73 gr


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