 | Peter Duff - Accounting - 1868 - 416 pages
...is the principle upon which Morris' Account Current is settled. (Page 114.) II. THE LEGAL RULE. — Compute the interest on the principal to the time of the first payment, or such payments as, taken together, exceed the interest then due. From the amount of the principal... | |
 | John Fair Stoddard - Arithmetic - 1868 - 428 pages
...made, the Supreme Court of the US has adopted the following : UNITED STATES EULE. 1. Find the amount of the principal to the time of the first payment ; and, if the payment exceeds the interest, subtract it from the amount: the remainder forms a new principal. 2. If any payment... | |
 | John Fair Stoddard - Arithmetic - 1888 - 480 pages
...made, the Supreme Court of the US has adopted the following : UNITED STATES RULE. 1. Find the amount of the principal to the time of the, first payment ; and, if the payment exceeds the interest, subtract it from the amount: the remainder forms a new principal. 2. If any payment... | |
 | Charles Davies - Arithmetic - 1869 - 348 pages
...other states. 256 How do you find the interest when the principal is in pounds, and ponce ' RULE. — I. Compute the interest on the principal to the time...the payment : the remainder forms a new principal : IT. But if the payment is less than the interest, take no notice of it until other payments are made... | |
 | Education - 1869 - 480 pages
...interest on which partial payments have, at different times, been made. Some calculate the interest to the time of the first payment, and if the payment exceed the interest, deduct the excess from the principal ; then to the time of the second payment, etc. Others... | |
 | T. A. Bryce - Business mathematics - 1873 - 370 pages
...$297.70, CONNECTICUT KULE. The Supreme Court of the State of Connecticut has adopted the following RULE. Compute the interest on the principal 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... | |
 | Charles Davies - Arithmetic - 1874 - 346 pages
...256. How do you find tho interest when the principal is in pounds, shillings and pence ? RULE. — I. Compute the interest on the principal to the time...the sum subtract the payment : the remainder forms anew principal : II. But if the payment is less than the interest, take no notice of it until other... | |
 | Lorenzo Fairbanks - 1875 - 472 pages
...by the courts in most of the States, and is, therefore, known as the UNITED STATES RULE. I. Compuie the interest on the principal to the time of the first payment, and if this payment exceed the interest then due, add the interest to the principal, and from the sum subtract... | |
 | Samuel G. Beatty - Accountants - 1877 - 308 pages
...the following rule has been sanctioned by a number of decisions both in law and equity : RlTLE. — I. Compute the interest on the principal to the time of the first payment, and if this pnymcnt exceed the interest then due, add the Merest to the principal, andfrom the svm subtract... | |
 | James Hamblin Smith, Thomas Kirkland - Arithmetic - 1877 - 376 pages
...the note or bond. To compute the interest on such a note proceed according to the following rule : Compute the interest on the principal to the time of the first payment, and if this payment exceed the interest then due add tlie interest to the principal, and from the sum take... | |
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Compute the interest on the principal to the time of the first payment, and if the payment exceed this interest, add the interest to the principal and from the sum subtract the payment : the remainder forms a new principal. 
