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" Find the amount of the principal to the time when the payment, or the sum of the payments, equals or exceeds the interest due. "
The Franklin Written Arithmetic: With Examples for Oral Practice - Page 211
by Edwin Pliny Seaver - 1881 - 348 pages
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A Treatise on Bookkeeping and Stenography ...

International Correspondence Schools - Bookkeeping - 1899 - 650 pages
...Court of the United States, and has been adopted by most of the States: 59. United States Rule. — I. Find the amount of the principal to the time when the payment, or the sum of the payments, is greater than the interest then due. From the amount subtract the payment or the sum of the payments,...
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For 6th-8th grade

George Edward Atwood - Arithmetic - 1899 - 392 pages
...principal. 3. Interest must accrue only on the principal. 255. RULE. — Find the amount of the note to the time when the payment, or the sum of the payments, equals or exceeds the interest then due. Subtract the payment, or the sum of the payments, from the amount, and treat the remainder...
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School Arithmetic; Advanced Book

John Marvin Colaw, John Kelley Elkwood - Arithmetic - 1900 - 450 pages
...legal method in most states. 453. UNITED STATES RULE. — 1. From the amount of the principal, computed to the time when the payment or the sum of the payments equals or exceeds the interest due, subtract such payment or the sum of the payments. 2. Treat the remainder as a new principal, and...
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Heath's Complete Practical Arithmetic

Charles Edward White - Arithmetic - 1901 - 472 pages
...rule for finding the amount due on a note after partial payments have been made. UNITED STATES BULE. Find the amount of the principal to the time when the payment or sum of the payments equals or exceeds the interest then due. Deduct from this amount the payment or...
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The Arithmetic Help, for Pupils, Teachers, Business Men

Alvord D. Robinson - Arithmetic - 1902 - 572 pages
...These problems in partial payments ought to be readily understood by the pupil. UNITE» STATES RULE: 1. Find the amount of the principal to the time when the payment or payments are as great or greater than the interest then dne. 2. Subtract the payment, or sum of payments,...
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Essentials of Arithmetic

David Martin Sensenig, Robert Franklin Anderson - Arithmetic - 1902 - 376 pages
...Payments," has been adopted as the legal rule by nearly all the states. RULE : Find the amount of the given principal to the time when the payment, or the sum of the payments, ii 258 equal to or exceeds the interest due; subtract from tint, amount the payment or the sum of the...
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An Inductive Arithmetic for Intermediate and Higher Grades of Public and ...

Joseph Henry Dunbar - Arithmetic - 1902 - 404 pages
...therefore, are (1) That the amount of the principal, at simple interest, shall be found to the date at which the payment, or the sum of the payments, equals or exceeds the principal. (2) That from this amount the payment, or sum of the payments, without interest, shall be...
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New Grammar School Arithmetic

John Henry Walsh - Algebra - 1903 - 526 pages
...6, 1903, $67.15 Interest on $ 67.15 March 6 to Jan. 5, 9 mo. 29 da., 3.90 Due Jan. 5, 1904, $71.05 Find the amount of the principal to the time when the payment or the sum of two or more payments equals or exceeds the interest. From this amount deduct the payment or sum of...
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New Commercial Arithmetic

John Henry Moore - Business mathematics - 1904 - 404 pages
...$164.17 134.17 134.73 120.02 5.27 $2664-17 2198.34 1953.09 1058.36 Ans. $600 500 100 800 709. RULE. Find the amount of the principal to the time when the payment or the sum of the payments shall exceed the interest then due. From this amount deduct the payment or the sum of the payments...
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Arithmetic for Business with Short Methods and Rapid Calculations in All ...

Jacob Henry Minick, Clement Carrington Gaines - Business mathematics - 1904 - 412 pages
...the following rule for partial payments called THE UNITED STATES RULE. Find the amount of the given principal to the time when the payment or the sum of the payments equals or exceeds the interest due. Subtract from this amount the payment or the sum of the payments. Treat the remainder as a new...
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