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" We shall now give the rule established in New York (see Johnson's Chancery Reports, vol. i., page 17,) for computing the interest on a bond or note, when partial payments have been made. The same rule is also adopted in Massachusetts, and in most of the... "
Mental and Practical Arithmetic: Designed for the Use of Academies and Schools - Σελίδα 209
των Charles Davies - 1838 - 288 σελίδες
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Conversations on Arithmetic, with Demonstrations to Each Rule

Leonard Pierce - 1823 - 156 σελίδες
...the following manner, as established by the courts of law in Massachusetts : "Cast up the interest to the time of the first payment, and if the payment exceed the interest, deduct the excess from the principal, and cast the interest upon the remainder to the...

The Youth's Assistant in Theoretic and Practical Arithmetic, : Designed for ...

Zadock Thompson - 1828 - 225 σελίδες
...would in time he extinguished hy the payment of the interest annually. II. Compute the interest up to the time of the first payment, and if the payment exceed the interest, deduct the excess from the principal, and cast the interest on the remainder up to the...

The Federal Calculator: Or, A Concise System of Practical Arithmetic

William Slocomb - 1828 - 137 σελίδες
...interest, on which partial payments have, at different times, been made. — Some calculate the interest up to the time of the first payment, and if the payment exceed the interest, deduct the excess from the principal, and then again to the time of the second payment,...

A Short System of Practical Arithmetic: Compiled from the Best Authorities ...

William Kinne - 1829
...Massachusetts, established the following more equitable Rule. — When there are endorsements, find the interest on the principal to the time of the first payment, add it to the principal, and from the sum subtract the payment then made; if the endorsement be not...

A Short System of Practical Arithmetic: Compiled from the Best Authorities ...

William Kinne - 1831 - 240 σελίδες
...of Massachusetts, established the following more equitahle Rule.—When there are endorsements, find the interest on the principal to the time of the first payment, add it to the principal, and from the sum subtract the payment then made ; if the endorsement be not...

The Youth's Assistant in Theorhetic [sic] and Practical Arithmetic: Designed ...

Zadock Thompson - 1832 - 168 σελίδες
...would in time oe extinguished by the payment of the interest annually. II. Compute the interest up to the time of the first payment, and if the payment exceed the interest, deduct the excess from the principal, and cast the interest on the remainder up to the...

The Common School Arithmetic: Prepared for the Use of Academies and Common ...

Charles Davies - 1833 - 270 σελίδες
...when it becomes due ? Ans. $349,04+. We shall now give the rule established in NewYork, (See Johnson's Chancery Reports, Vol. I. page 17,) for computing the interest on a bo"'' nr note, when partial payments have been made 18 same rule is also adopted in Massachusetts,...

A New System of Arithmetic, on the Cancelling Plan: Embracing the Rules of ...

Charles Guilford Burnham - 1837 - 256 σελίδες
...following is the more general method, and is established by law in Massachusetts. Compute the interest up to the time of the first payment ; and if the payment exceed the interest, deduct the excess from the principal, and cast the interest on the remainder up to the...

A New System of Arithmetic, on the Cancelling Plan: Embracing the Rules of ...

Charles Guilford Burnham - 1841 - 312 σελίδες
...partial payments have been made. The following is, in substance, the RULE : Compute the interest up to the time of the first payment ; and if the payment exceed the interest, deduct the excess from the principal, and cast the interest on the remainder up to the...

Arithmetic Designed for Academies and Schools: With Answers

Charles Davies - 1846 - 340 σελίδες
...Springs. Ans. $1113,40+. § 1 <»<>. We shall now give the rule established in New York, (See Johnson's Chancery Reports, Vol. I. page 17,) for computing...payment exceed this interest, add the interest to tlie principal and from the sum subtract the payment : the remainder forms a new principal. II. But...




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