Discussions - Of Mr. Dilworth’s Paper on A Method of Calculating Sinking-Funds, and a Table of Values for Ordinary Periods and Rates of Interest (see Trans., xli., 533)

John Langton, New York, N. Y. (communication to the Secretary*):—In Mr. Firmstone's discussion (Trans., xli., 912) the formula he gives for the periodical payment—his equation (2)—may be simplified in form. The expression given by Mr. Firmstone is : q=S(l+ r) 1-(1+r)-(1+r) r which is a simpler form to use in calculations. Where S= principal to bc extinguished. Q = periodical payment or charge for sinking-fund, r = rate of interest per period (i. e., interest on $1 per period). n = number of payments or periods. Kent's Mechanical Enyineer's Pocket Book, under the heading Annuities, equation No. 5, gives : " The annuity which $1 will purchase for any number of ytlars n is * Received Jiily 16, 1911.