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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 192
των John Fair Stoddard - 1852 - 299 σελίδες
Πλήρης προβολή - Σχετικά με αυτό το βιβλίο

Rainey's Improved Abacus: An Explanatory Treatise on the Theory and Practice ...

Thomas Rainey - 1849 - 334 σελίδες
...SUPREME COURT RULE. I. " 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. II. "If the payment exceeds the interest, the surplus goes toward discharging the principal ; and the...

Higher Arithmetic: Designed for the Use of High Schools, Academies, and ...

George Roberts Perkins - 1850 - 356 σελίδες
...Chancery Reports : RULE. " The Rule for casting interest, when partial payments have been made, is to apply the payment in the first place to the discharge...due. If the payment exceed the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the balance...

The Speedy Calculator: Being a System of Arithmetic

Benjamin Naylor - 1850 - 334 σελίδες
...Chancellor Kent 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...

An Elementary Arithmetic Serving as an Introduction to the Higher Arithmetic

George Roberts Perkins - 1850 - 364 σελίδες
...rule for casting interest, when partial payments have been made, is to apply the payment, in thejlrst place, to the discharge of the interest then due. If the payment exceed the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the balance...

An Elementary Arithmetic Designed for Academies and Schools: Also Serving as ...

George Roberts Perkins - 1851 - 356 σελίδες
...States is as follows: RULE. " The rule for casting interest, when partial payments have been made, is to apply the payment, in the first place, to the discharge...due. If the payment exceed the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the balance...

A Theoretical and Practical Arithmetic: Designed for Common Schools and ...

Daniel Leach - 1851 - 280 σελίδες
...endorsed on them : — RULE. " 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...

Merchants' Magazine and Commercial Review, Τόμος 27

1852 - 780 σελίδες
...in which he says : — "The rule for casting interest, when partial payments have been made, м 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 diecharging the principal, and the subsequent interest...

A Theoretical and Practical Arithmetic: Designed for Common Schools and ...

Daniel Leach - 1853 - 622 σελίδες
...endorsed on them : — RULE. " 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 Arithmetic: Designed for the Use of Schools and ...

Charles D. Lawrence - 1854 - 336 σελίδες
...States for finding the amounts due on notes on which partial payments have been made, is as follows i "Apply the payment. in the first place, to the discharge...due. If the payment exceed the interest. the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the balance...

An Elementary Arithmetic Designed for Academies and Schools: Also Serving as ...

George Roberts Perkins - 1855 - 388 σελίδες
...is as follows : ' RULE. " The rule for casting interest, when partial payments have been made, is to apply the payment, in the first place, to the discharge...due. If the payment exceed the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the balance...




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