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Bøker Bok 2130 av 80If the payment be less than the interest, the surplus of interest must not be taken...
" If the payment be less than the interest, the surplus of interest must not be taken to augment the principal ; but interest... "
A Treatise on Arithmetic ... - Side 364
av Noble Heath - 1855 - 455 sider
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An Elementary Arithmetic Designed for Academies and Schools: Also Serving as ...

George Roberts Perkins - 1851 - 347 sider
...RULE. " 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 exceed the interest, the surplus goes towards discharging the principal, and the subsequent interest...
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Merchants' Magazine and Commercial Review, Volum 27

Freeman Hunt, William B. Dana - 1852
...— "The rule for casting interest, when partial payments have been made, м to apply the payment, in the first place, to the discharge of the interest...the payment exceeds the interest, the surplus goes toward diecharging the principal, and the subsequent interest is to be computed on the balance of principal...
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Stoddard's Practical Arithmetic

John Fair Stoddard - 1852 - 299 sider
...other obligations, where partial payments have been made, is & follows : — RULE. " Apply the payment, in the first place, to the discharge of the interest then due. ~ If the payment exceed the interest, the surplus gnex towards discharging the principal, and the subsequent interest...
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A Practical and Theoretical Arithmetic: Designed for the Use of Schools and ...

Charles D. Lawrence - 1854 - 310 sider
...amounts due on notes on which partial payments have been made, is as follows i "Apply the payment. in the first place, to the discharge of the interest then due. If the payment exceed the interest. the surplus goes towards discharging the principal, and the subsequent interest...
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An Elementary Arithmetic Designed for Academies and Schools: Also Serving as ...

George Roberts Perkins - 1855 - 347 sider
...RULE. " 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 exceed the interest, the surplus goes towards discharging the principal, and the subsequent interest...
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The American Philosophical Arithmetic: Designed for the Use of Advanced ...

John Fair Stoddard - 1856 - 292 sider
...other obligations, where partial payments have been made, is as follows : — " Apply the payment, in the first place, to the discharge of the interest then due. If the payment exceed the interest, tht surplus goes towards discharging the principal, and the subsequent interest...
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Practical Arithmetic, by Induction and Analysis

Joseph Ray - 1857 - 336 sider
...regarded THE LEGAL RULE FOR PARTIAL PAYMENTS. li When partial payments have been made, apply the payment, in the first place, to the discharge of the interest then due. " If the payment exceeds the Int., the surplus goes toward discharging the principal, and the subsequent Int. is to he computed...
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Normal Arithmetic: A Text-book, Theoretical and Practical, in Six Parts ...

Silas Lawrence Loomis - 1859 - 300 sider
...I. " 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." II. "If the payment exceeds the interest, the surplus goes towards discharging the principal, and the...
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Reports of Cases in Law and Equity, Determined in the Supreme Court ..., Volum 9

Iowa. Supreme Court, William Penn Clarke, Thomas Foster Withrow, Edward Holcomb Stiles, Ezra Christian Ebersole, John S. Runnells, B. W. Hight - 1860
...intercut. — In computing interest, where partial payments have been made, such payments are applied, in the first place, to the discharge of the interest...the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest should be computed on the principal then...
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Bancroft's California Lawyer and Book of Forms: Containing Instructions for ...

David Price Belknap - 1860 - 763 sider
...follows: The rule for casting interest where partial payments have been made, is, to apply the payment in the first place to the discharge of the interest...the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest is to be computed on the balance of the...
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