Didn't ancient Egypt use barter, so that its accounting was very different?
Jim Devine On Jun 29, 2012 7:57 AM, "Sabri Oncu" <[email protected]> wrote: > By the way, writing originated from accounting, again in the same > region, and possibly in Egypt also, about the same time, if not a bit > earlier. That is, this finance and accounting have been with us for > millennia; since the beginning of agricultural production. There is no > production without finance and accounting. > > Best, > Sabri > > On Fri, Jun 29, 2012 at 8:00 PM, Sabri Oncu <[email protected]> wrote: > > Joanna: > > > >> The first mention of the natural logarithm was by Nicholas Mercator in > his work Logarithmotechnia published in > >> 1668, [ 2 ] although the mathematics teacher John Speidell had already > in 1619 compiled a table on the natural > >> logarithm. [ 3 ] It was formerly also called hyperbolic logarithm, [ 4 > ] as it corresponds to the area under a hyperbola . > >> It is also sometimes referred to as the Napierian logarithm , although > the original meaning of this term is slightly different. > >> > >> ??? > > > > Much earlier than that. Goes back to Babylonia of BC 2000s. The > > formula (1+r/n)^(nt) is how much you will pay back to your lender t > > years later if your interest rate is r per year and interest is > > compounded n times a year. The number "e" originated from debt/finance > > in Mesopotamia about 4000-5000 years ago. Babylonians knew about > > logarithms then, although not exactly in the same way we now know. It > > was not science, it was finance from which the exponential function > > originated. > > > > Best, > > Sabri > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l >
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