Of the two water reeds, the one grows 3 feet and the other 1 foot on the first day. The growth of the first becomes every day half of that of the preceding day, while the other grows twice as much as on the day before.
A farmer sold a team of horses for $440, but did not receive his pay for them until 1 yr, 8 mo after the sale. He had at the same time another offer of $410 for them. Did he gain or lose by the sale and by how much, money being worth 6%/yr?