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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 - Σελίδα 217
των Charles Davies - 1838 - 288 σελίδες
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New University Arithmetic: Embracing the Science of Numbers, and Their ...

Charles Davies - 1856 - 450 σελίδες
...owed him ? PARTIAL PAYMENTS. 225. "We shall now give the rule established in New York (See Johnson's Chancery Reports, Vol. I., page 17,) for computing...the other states. RULE. — I. Compute the interest <m the principal to the time of the first payment, and if the payment exceed this interest, add the...

Duff's North American Accountant: Embracing Single and Double Entry Book ...

Peter Duff - 1856 - 242 σελίδες
...is the principle upon which Morris' Account Current is settled. (Page 114.) II. THE LEGAL RULE. — Compute the interest on the principal to the time of the first payment, or such payments as, taken together, exceed the interest then due. From the amount of the principal...

Burnham's Arithmetic, Revised: A New System of Arithmetic, on an Improved ...

Charles Guilford Burnham - 1857 - 328 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...

A New System of Arithmetic, on an Improved Plan, Embracing the Rules of ...

Charles Guilford Burnham - 1857 - 342 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...

School Arithmetic: Analytical and Practical

Charles Davies - 1858 - 346 σελίδες
...payment of a part of a note or bond. We shall give the rule established in New York (see Johnson's Chancery .Reports, vol. i. page 17), for computing...this interest, add the interest to the principal and fryni the sum subtract the payment : the remainder forms a new principal': II. But if the payment is...

Normal Arithmetic: A Text-book, Theoretical and Practical, in Six Parts ...

Silas Lawrence Loomis - 1859 - 324 σελίδες
...balance as aforesaid." — Chancellor Kent. 291. This may be put in the following form : — RULE. — Compute the interest on the principal to the time of the first payment. If the payment exceeds the interest. subtract the difference from the principal. If the interest exceeds...

Higher Arithmetic : Or, The Science and Application of Numbers: Combining ...

James Bates Thomson - 1860 - 440 σελίδες
...1846, $45. Sept. 13th, 1846, $480. What was the balance due Jan. 1st, 1847 ? CONNECTICUT RULE. 417. I. " Compute the interest on the principal to the time of the first payment ; if that be one year or more from the time the interest commenced, add it to the principal, and deduct...

Practical Arithmetic: Uniting the Inductive with the Synthetic Mode of ...

James Bates Thomson - 1860 - 402 σελίδες
...computing the interest adopted by the Supreme Court of the United States, is the following : I. Cast the interest on the principal to the time of the first payment ; if the payment exceeds the interest, subtract the excess from the principal, and cast the interest...

Davies' University Arithmetic: Embracing the Answers, and a Full Analysis ...

Charles Davies - 1861 - 496 σελίδες
...indorsed on the note or bond. 281. We shall now give the rule established in New York (see Johnson's Chancery Reports, vol. i., page 17,) for computing...on the principal to the time of the first payment ; if the payment equals or exceeds Ihis interest, add the interest to the principal, and from the sum...

Adams's Improved Arithmetic: Arithmetic, in which are Combined the Analytic ...

Daniel Adams - 1861 - 452 σελίδες
...remained due, June 1, 1846 ? Ans. $843-083 + . Connecticut Court Rule. I. In case of Partial Payments. — Compute the interest on the principal to the time of the first payment, provided that be one year or more from the time interest commenced ; add it to the principal, and deduct...




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