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" The rule for casting interest, when partial payments have been made, is to apply the payment, in the first place, to the discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the... "
Stoddard's Practical Arithmetic - Σελίδα 188
των John Fair Stoddard - 1852 - 299 σελίδες
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1832 - 528 σελίδες
...the Slate of New- York. " The Ruin for casting Interest, when partial payments have been made, is to apply the payment, in the first place, to the discha.rge of the interest then due. If the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent isterest...

A New System of Arithmetick: In which the Rules are Familiarly Demonstrated ...

William Ruger - 1832 - 263 σελίδες
...New York : RULE I. — "The Rule for casting Interest, where partial payments have been made, is to apply the payment, in the first place, to the discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest...

Cobb's Explanatory Arithmetick, Number Two: Containing the Compound Rules ...

Lyman Cobb - 1832 - 216 σελίδες
...the State of New York. "The Rule for casting interest, where partial payments have been made, is to apply the payment, in the first place, to the discharge of the interest then due. If the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest...

Every Man His Own Teacher: Being an Introduction to Arithmetic, Whereby ...

John Preston - 1834 - 297 σελίδες
...Chancery Reports: of New York, Vol. 1 p. 17. CONNECTICUT v. JACKSON. When part payments have been made, apply the payment in the first place, to the discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest...

The North American arithmetic: Part third, for advanced scholars, Μέρος 3

Frederick Emerson - 1834 - 288 σελίδες
...own words, as follows. " The rule for casting interest, when partial payments have been made, is to apply the payment, in the first place, to the discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest...

A Practical and Theoretical System of Arithmetic: Containing Several New ...

George Willson - 1836 - 192 σελίδες
...Kent, of the state of New-York. According to this decision, the method of casting interest is, to " apply the payment in the first place to the discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest...

Reports of Cases Argued and Determined in the Supreme Court of ..., Τόμος 3

Indiana. Supreme Court, Isaac Newton Blackford - 1836
...Kent on this subject: — "The rule for casting interest, where partial payments have been made, is to apply the payment, in the first place, to the discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest...

Cobb's Explantory Arithmetick, Number Two: Containing the Compound Rules ...

Lyman Cobb - 1836 - 216 σελίδες
...the State of New York. "The Rule for casting interest, where partial payments have been made, is to apply the payment, in the first place, to the discharge of the interest then due. If the payment exceeds the interest, the surplus goes toward discharging the principal, nnd the subsequent interest...

The Common School Arithmetic ...: To which is Added a Dictionary of ...

P. E. Bates Botham - 1837 - 238 σελίδες
...New York: RULE : — " The Rule for casting Interest, where partial payments have been made, is to apply the payment, in the first place, to the discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest...

A Practical and Theoretical System of Arithmetic: Containing a New System of ...

George Willson - 1838
...Kent, of the state of New- York. According to this decision, the method of casting interest is, to " apply the payment in the first place to the discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest...




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