. An encyclopædia of agriculture [electronic resource] : comprising the theory and practice of the valuation, transfer, laying out, improvement, and management of landed property, and the cultivation and economy of the animal and vegetable productions of agriculture, including all the latest improvements, a general history of agriculture in all countries, and a statistical view of its present state, with suggestions for its future progress in the British Isles. Agriculture. Book V. PLANS AND MATS OF ESTATES. 15 produces 15,000, and then dividing this product by 7, which gives 2142/. 17s. 2c/.
. An encyclopædia of agriculture [electronic resource] : comprising the theory and practice of the valuation, transfer, laying out, improvement, and management of landed property, and the cultivation and economy of the animal and vegetable productions of agriculture, including all the latest improvements, a general history of agriculture in all countries, and a statistical view of its present state, with suggestions for its future progress in the British Isles. Agriculture. Book V. PLANS AND MATS OF ESTATES. 15 produces 15,000, and then dividing this product by 7, which gives 2142/. 17s. 2c/. for the sum required: now if, in answering this question, we had begun by finding the number of years' purchase which ought to have been given for the same, the process would have been rendered much more tedious and intricate. 3344. In order to find the clear annuel rent which a freehold ought to produce, so as to allow the purchaser a given rate of interest for his money, we must " multiply the gross sum paid for the same, by the given rate of interest, and then divide the product by 100 ; the quotient of which will be the annual rent required:" thus, if a person gives 5940/. for a freehold estate, and he wishes to make 6^ per cent, interest of his money, then 5940 multiplied by 6-5, will produce 38,610, which, divided by 100, will quote 386'1, or 3867. 2s., for the clear annual rent required. Lastly, 3345. The rate of interest allowed to the purchaser of a freehold, is much more readily and more exactly ascertained than in the case of leases for terms, as we have nothing more to do here than to " multiply the clear annual rent of the estate by 100, and then divide the product by the siwn paid for the estate ; the quotient will be the rate of interest required: " thus, if a person gives 2000/. for a freehold estate, of the clear rent of 85/. per annum, then 85, multiplied by 100, will produce 8500, which, divided by 2000, will quote 4*25, or 4j per cent, f
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Keywords: ., bookcentury1800, bookpublisherlondonprin, booksubjectagriculture
