The nature of capital and income

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Monograph

Identifikator:: 1767108885

URN:: urn:nbn:de:zbw-retromon-147081

Document type:: Monograph

Author:: Paneth, Erwin

Title:: Entwicklung der Reklame vom Altertum bis zur Gegenwart

Place of publication:: München [u.a.]

Publisher:: Oldenbourg

Year of publication:: 1926

Scope:: XIV, 245 Seiten; Illustrationen, graphische Darstellungen

Digitisation:: 2021

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: A. Geschäftliche Reklame

Collection:: Economics Books

APPENDIX TO CHAPTER XIII 385 such installments, or the annual rate of income. Therefore OK, being of the same length, also represents this annual rate of income. In other words, the direction from O to ¢ lies along a paral- lelogram of which the side OK represents the annual rate of income and the side OH' a chord of the discount curve OP. Now it is evident that if, instead of a semi-annual installment, we assume greater frequency, the same statement will apply except that the point will be nearer 0. By proceeding in this Fic. 44. manner the chord OhH' approaches the tangent OH as its limit, and the parallelogram OH'Q'K becomes at the limit the parallelogram OHQK as originally described. That is, its sides are OK, the annual rate of income, and OH, the tangent to the discount curve drawn from O to a vertical line one year to the left. That this construction and its demonstration bear a striking analogy to the construction and demonstration which apply to 2¢

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