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Enclosure: [From Gouverneur Morris], [6 April 1792]
[Enclosure]3
| Qu: 1. | In what Time will an Annuity of 8 pay 100. Int: at 6 p %. |
| Ansr. 23.7913 Years or 23 Years 288 Days. | |
| Qu: 2. | What is the present Value of an Annuity of 8 for 23.7913 Years Int: at 4 p %. |
| Ansr. 121.3342 | |
| Qu: 3. | What principal Sum will in ten Years amount to 121.3342 Int: at 4 p %. |
| Ansr. 81.96914 | |
| Qu: 4. | In What Time will a quarterly Payment of 2 pay 100. Int: at 1¼ p % quarterly. |
| Ansr: 23.277875 Years or 23 Years 101 Days | |
| Qu: 5. | What is the present Value of a quarterly Payment of 2 for 23.277875 Years Quarterly Interest at 1 p % |
| Ansr: 150. | |
| Qu: 6. | What principal Sum will in ten Years amount to 150 Int: at 4 p % |
| Ansr. 101.3347. | |
| Qu: 7. | What is the Rate of Interest paid by the Borrowers when a Commission of 4 p % is allowed on a Loan for 20 Years bearing 4 p % Interest. |
| Ansr. 4.2943274 |
Value of the deferred Debt by Qu: & Ansr. No. 3.
viz
The gain is then at least one eighth of the Money applied to this Operation.
3. AD, Hamilton Papers, Library of Congress.