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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...
A Practical and Theoretical System of Arithmetic: Containing Several New ... - Seite 124
von George Willson - 1836 - 192 Seiten
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1822 - 532 Seiten
...when partial payments hare kern mailf1, is to apply the payment, in the first place, to the dinebarge of the interest then due. If the payment exceeds the...the surplus goes towards discharging the principal, aud the subsequent interest is to be computed on the balance of principal remaining due. If the payment...
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1822 - 532 Seiten
...when partial payments have iiertj made, is ID apply the payment, in the firct place, to the disrharge of the interest then due. If the payment exceeds the interest, the surplus goes to wan!? discharging the principal . and the subsequent interest is to be computed on the balance of...
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Reports of Cases Adjudged in the Court of Chancery of New-York ..., Band 7

...casting interest, when partial payments have been made, is to apply the payment, in the first instance, to the discharge of the interest then due. If the...principal ; and the subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus interest...
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A New System of Arithmetick: In which the Rules are Familiarly Demonstrated ...

William Ruger - 1832 - 263 Seiten
...State of 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...principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the Interest, the surplus of...
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1832 - 528 Seiten
...Courts in the State of New- York. " The Rule for casting Interest, when partial payments have been made, is to apply the payment, in the first place, to the...the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest is to be computed on the balance of principal...
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Cobb's Explanatory Arithmetick, Number Two: Containing the Compound Rules ...

Lyman Cobb - 1832 - 216 Seiten
...' in 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...the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest is to be computed on the balance of principal...
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The North American Arithmetic: for advanced scholars. Part third

Frederick Emerson - 1834 - 288 Seiten
...Chancellor's 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...principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of...
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Every Man His Own Teacher: Being an Introduction to Arithmetic, Whereby ...

John Preston - 1834 - 297 Seiten
...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...principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of...
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Reports of Cases Argued and Determined in the Supreme Court of ..., Band 3

...Chancellor 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...principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of...
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A New System of Arithmetick: In which the Rules are Familiarly Demonstrated ...

William Ruger - 1836 - 263 Seiten
...where partial payments have been made, is to apply the payment, in the first place, to the dis-' charge of the interest then due. If the payment exceeds the...principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of...
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