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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... "
Higher Arithmetic: Designed for the Use of High Schools, Academies, and ... - Σελίδα 134
των George Roberts Perkins - 1849 - 342 σελίδες
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Merchants' Magazine and Commercial Review, Τόμος 27

Freeman Hunt, William B. Dana - 1852
...stated by Chancellor Kent, in the case of The State of Connecticut v. Jackson, in which he says : — "The rule for casting interest, when partial payments...discharge of the interest then due. If the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest...

Stoddard's Practical Arithmetic

John Fair Stoddard - 1852 - 299 σελίδες
...on notes, and other obligations, where partial payments have been made, is & follows : — RULE. " Apply the payment, in the first place, to the discharge...~ If the payment exceed the interest, the surplus gnex towards discharging the principal, and the subsequent interest is to be computed on the balance...

Merchants' Magazine and Commercial Review, Τόμος 27

Freeman Hunt, William B. Dana - 1852
...Jackson, 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
...states, for computing interest on bonds and notes when partial payments have been endorsed on them : — RULE. " The rule for casting interest, when partial...discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest...

A Treatise on Arithmetic ...

Noble Heath - 1855 - 455 σελίδες
...following is the legal one, as stated in the NY Chancery Reports, (see Emerson's Third Part, page 104 :) "The rule for casting interest, when partial payments have been made, is to apply the payments, in the first place, to the discharge of the interest then due. If the payment exceeds the...

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

James Bates Thomson - 1855 - 422 σελίδες
...United States, is the following. ' L " The rule for casting interest, when partial payments have teen made, is to apply the payment, in the first place, to the dis • charge of the interest then due. ' If. " If the payment exceeds the interest, the surplus goes...

The Merchants', Students' and Clerks' Manual

James Robinson - 1856 - 93 σελίδες
...is given in the language of Chancellor Kent of New York. " The rule for computing interest on notes, when partial payments have been made, is to apply...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

Frederick Emerson - 1834 - 328 σελίδες
...given in the Chancellor's own words, as follows. " The rule for casting interest, when partial paymenti have been made, is to apply the payment, in the first...discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest...

The American Philosophical Arithmetic: Designed for the Use of Advanced ...

John Fair Stoddard - 1856 - 292 σελίδες
...interest on notes, and other obligations, where partial payments have been made, is as follows : — " Apply the payment, in the first place, to the discharge...interest then due. If the payment exceed the interest, tht surplus goes towards discharging the principal, and the subsequent interest is to be computed on...

A Treatise on Arithmetic: Through which the Entire Science Can be Most ...

Noble Heath - 1856 - 455 σελίδες
...•' The rule for casting interest, when partial payments have been wade, is to apply the payments, 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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