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" Compute the interest on the principal from the date of the note to the time of the first payment. If the payment equals or exceeds the interest, add tlte interest to the principal and subtract the payment. "
The Elements of Arithmetic: For Intermediate, Grammar, and Common Schools ... - Página 263
por Edward Olney - 1875 - 314 páginas
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A Practical and Theoretical Arithmetic: Designed for the Use of Schools and ...

Charles D. Lawrence - 1854 - 336 páginas
...What was due on this note April 6, 1852 3 Ans. 134.58 *NoTE. — We can discover by inspection, that the interest on the principal from the date of the note to the.l?rsl payment \sgrcater than that payment. Therefore we compute the interest from the date of the...
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The Science of Arithmetic: For High Schools, Normal Schools, Preparatory ...

Edward Olney - 1876 - 324 páginas
...less, and upon which payments have been made, according to the following rule : Find the amount of the principal from the date of the note to the time of settlement ; find the amount of each payment from the time it was made to the time of settlement, and...
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The Complete Arithmetic: Combining Oral and Written Exercises in a Natural ...

Albert Newton Raub - 1877 - 348 páginas
...diminished until the interest due is paid. 2. Interest shall not draw interest. SUPREME COURT RULE. 1. Compute the interest on the principal from the date...the first payment. If this payment equals or exceeds the interest, add the principal and the interest together, and fr от their sum subtract the payment....
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Complete Arithmetic: Theoretical and Practical

William Guy Peck - 1877 - 430 páginas
...usually adjusted amongst business men by the following rule, called MERCANTILE RULE. Find, the amount of the principal from the date ^of the note to the time of settlement ; find the amount of each payment from the time it was made to the time of settlement, and...
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A Practical Arithmetic for Intermediate, Grammar, and Common Schools

Edward Olney - 1879 - 392 páginas
...less, and upon which payments have been made, according to the following Rule. — Find the amount of the principal from the date of the note to the time of settlement, find the amount of each payment from the time it was made to the time of settlement, and...
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A Practical Arithmetic: Designed for Grammar Schools and Academies

George E. Seymour - 1880 - 332 páginas
...never be greater than the debt. Hence, the following rule : UNITED STATES RULE. I. Compute the interest from the date of the note to the time of the first payment . II. If this interest is less than this payment, add the interest to the principal and subtract the...
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National Arithmetic, Oral and Written: For Common and Graded Schools ...

Joseph Ficklin - 1881 - 406 páginas
...column being the required answer. With the table before him, let the pupil compute the interest upon the principal from the date of the note to the time of the first payment, or for 1 yr. 1 mo. 15 da., equal to 13.5 months, etc. FIRST STEP. SECOND STEP. $2000 Prin. .06 Bate....
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Fish's Arithmetic Number One[-two]: Oral and Written ..., Volumen2

Daniel W. Fish - 1883 - 348 páginas
...cancellation, leaving the cancelling to the ingenuity of the pupil. (74, NOTE 2.) After arranging the table, compute the interest on the principal from the date of the note to the time of the first payment, or for 5 mo. 15 da., itc. 12 2 FIRST STEP. $1500 Prin. .06 Kate. 11 Time. $41.25 Int. $1500 $1541.25...
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Robinson's New Practical Arithmetic for Common Schools and Academies

Horatio Nelson Robinson - 1892 - 428 páginas
...settlement of notes and of interest accounts running a year or less: MERCANTILE RULE. I. Find the amount of the principal from the date of the note to the time of settlement. II. Find the amount of each payment from the time it was made to the time of settlement....
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Robinson's New Practical Arithmetic for Common Schools and Academies

Horatio Nelson Robinson - 1892 - 428 páginas
...settlement of notes and of interest accounts running a year or less : MERCANTILE EULE. I. Find the amount of the principal from the date of the note to the time of settlement. II. Find the amount of each payment from the time it was made to the time of settlement....
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