NDLI: Borrowing in the limit as our nerdiness goes to infinity

Content Provider	ACM Digital Library
Author	Reeves, Daniel
Abstract	Suppose I owe you n payments of S/n dollars---total owed is S if there were no time-discounting---spread evenly over an amount of time t, at interest rate r per unit time. For example, I might owe you \$120 in three payments over the coming year: \$40 three months from now, another \$40 in six months, and another \$40 in nine months. If I wanted to instead just pay you once, a full \$120, when should I do so to be perfectly equivalent to the three spread-out payments, given the interest rate?
Starting Page	50
Ending Page	50
Page Count	1
File Format	PDF
ISSN	15519031
DOI	10.1145/1998549.1998559
Journal	ACM SIGecom Exchanges (SECO)
Volume Number	10
Issue Number	2
Language	English
Publisher	Association for Computing Machinery (ACM)
Publisher Date	2003-03-01
Publisher Place	New York
Access Restriction	One Nation One Subscription (ONOS)
Content Type	Text
Resource Type	Article

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

Borrowing in the limit as our nerdiness goes to infinity