# A New and Complete System of Arithmetick: Composed for the Use of the Citizens of the United States

Wm. S. Parker, 1822 - Arithmetic - 532 pages
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Page 267 - If the payment be less than the interest, the surplus of interest must not be taken to augment the principal; but interest continues on the former principal until the period when the payments, taken together, exceed the interest due, and then the surplus is to be applied towards discharging the principal; and interest is to be Computed on the balance, as aforesaid.
Page 266 - But if any payments be made before one year's interest hath accrued, then compute the interest on the principal sum due on the obligation, for one year, add- it to the principal, and compute the interest on the sum paid, from the time it was paid up to the end of the year; add it to the sum paid...
Page 266 - Compute the interest 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 the payment from the sum total. If there be after payments made, compute the interest on the balance due to the next payment, and then deduct the payment as above; and in like manner from one payment to another, till all the payments are absorbed; provided the time between one payment and another be one year or more.
Page 193 - Separate the given number into periods of three figures each, by putting a point over the unit figure and every third figure beyond the place of units. 2. Find the greatest cube in the left hand period, and put its root in the quotient. 3.
Page 196 - Multiply the divisor, thus augmented, by the last figure of the root, and subtract the product from the dividend, and to the remainder bring down the next period for a new dividend.
Page 186 - Find the greatest square number in the first or left hand period, place the root of it at the right hand of the given number, (after the manner of a quotient in division...
Page 152 - Is when the several shares of stock are continued in trade an equal term of time. RULE. As the whole stock is to the whole gain or loss : so is each man's particular stock, to his particular share of the gain or loss.
Page 271 - The present worth of any sum, due some time hence, is such a sum, as, if put to interest, would in that time, and at the rate per cent. for which the discount is to be made, amount to the sum or debt then due.
Page 266 - ... then compute the interest on the principal sum due on the obligation for one year, add it to the principal, and compute the interest on the sum paid, from the time it was paid, up to the end of the year : add it to the sum paid, and deduct that sum from the principal and interest added as above...
Page 186 - Double the figures already found in the root for a new divisor, (or, bring down your last divisor for a new one, doubling the right hand figure of it,) and from these find the next figure in the root, as last directed, and continue the operation in the same manner, till you have brought down all the periods.