 Courts have adopted the following, called the UNITED STATES RULE. Find the amount of the principal to the time of the first payment ; if the payment equals or exceeds the interest, subtract it from the amount, and regard the remainder as a new principal.  American Comprehensive Arithmetic - Page 224by Middlesex Alfred Bailey - 1897 - 320 pagesFull view - About this book
 | Frederick Augustus Porter Barnard - Arithmetic - 1830 - 304 pages
...obviously Compound Interest. Very similar but somewhat bettcr,ia the following, CONNECTICUT RULE. I. FIND THE AMOUNT OF THE PRINCIPAL TO THE TIME OF THE FIRST PAYMENT, (if IT EE A YEAR OR MORE AFTER INTEREST COMMENCED) AND SUBTRACT THIS PAYMENT FROM IT. II. THE REMAINDER... | |
 | Frederick Augustus Porter Barnard - Arithmetic - 1830 - 308 pages
...Compound Interest. -Very similar but somewhat better, is the following, CONNECTICUT RULE. I. FIND Т'ПЕ AMOUNT OF THE PRINCIPAL TO THE TIME OF THE FIRST PAYMENT, (iF IT BE А YEAR OR MORE 4AFTER INTEREST COMMENCED) AND SUBTRACT THIS PAYMENT FROM IT. • . II. THE REMAINDER... | |
 | Mathematics - 1836 - 488 pages
...principal, with which, proceed as before ; and so on, to the time of settlement. Connecticut rule. 1. Find the amount of the principal to the time of the first payment, (if it be a year or more after the interest commenced,) and subtract this payment from it. 2. The remainder... | |
 | Roswell Chamberlain Smith - Arithmetic - 1842 - 320 pages
...the United States' court, and adopted by most of the federal courts in the Union. GENERAL RULE. 31. Find the amount of the principal to the time of the first payment; subtract the payment from this amount, and then find the amount of the remainder to the time of the... | |
 | Roswell Chamberlain Smith - Arithmetic - 1843 - 320 pages
...the United States' court, and adopted by most of the federal courts in the Union. GENERAL RULE. 31. Find the amount of the principal to the time of the first payment; subtract the payment from this amount, and then find the amount of the remainder to the time of the... | |
 | Horatio Nelson Robinson - Arithmetic - 1845 - 310 pages
...the year, agreeably to our first rule. But let the rule speak for itself: CONNECTICUT RULE. RULE 3. " Find the amount of the principal to the time of the first payment, if it be a year or more after interest commenced, and subtract this payment from it. The remainder will... | |
 | Benjamin Naylor - 1850 - 334 pages
...which is paid not only for the use of principal, but also for the use of interest after it becomes due. RULE. Find the amount of the principal to the time of the first interest becoming due, and call this amount a new principal, find the amount of this new principal,... | |
 | Roswell Chamberlain Smith - Arithmetic - 1850 - 314 pages
...the United States' court, and adopted by most of the federal courts in the Union. GENERAL RULE. 31. Find the amount of the principal to the time of the first payment; subtract the payment from this amount, and then find the amount of the remainder to the time of the... | |
 | Roswell Chamberlain Smith - Arithmetic - 1856 - 334 pages
...the United States' court, and adopted by most of the federal courts in the Union. GENERAL RULE. 31. Find the amount of the principal to the time of the first payment; subtract the payment from this amount, and then find the amount of the remainder to the time of the... | |
 | James Stewart Eaton - Arithmetic - 1857 - 376 pages
...Nov. 13, 1857, at 5 per cent. ? 2O3. To cast interest on Notes when Partial Payments have been made, RULE. — Find the AMOUNT of the principal to the time of the first payment ; from this amount subtract the first payment, and the REMAINDER is a NEW PRINCIPAL, with which proceed... | |
| |
