Tables of Interest and Discount: And Business Man's Assistant; Showing the Interest Or Discount on Any Sum of Money Between $1 and $10,000, from One Day to Three Years, at Six Per Cent. ... Also, Various Forms of Notes, Drafts, Etc., with a Concise and Valuable Time Table, and a Table of Foreign and Domestic Coins ...

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Spalding & Storrs, 1840 - Interest - 112 pages

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Page 26 - Compute the interest on the principal sum, from the time when the interest commenced, to the first time when a payment was made, which exceeds, either alone, or in conjunction with the preceding payments, if any, the interest at that time due ; add that interest to the principal, and from...
Page 28 - 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, and deduct that sum from the principal and interest, added as above...
Page 27 - ... interest at that time due: add that interest to the principal, and from the sum subtract the payment made at that time, together with the preceding payments (if any) and the remainder forms a new principal ; on which, compute and subtract the interest, as upon the first principal: and proceed in this manner to the time of the judgment.
Page 28 - 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 13 - The principle of equity that where one of two innocent persons must suffer by the act of a third, he who has enabled such third person to cause the loss must bear it, is entirely too broad in its scope to be invoked in this character of action.
Page 108 - Thirty days hath September, April. June, and November; All the rest have, Save February, which alone Hath twenty.eight; and one day more We add to it one year in four.
Page 64 - Time; and that all Bonds, Contracts, and Assurances whatsoever, made after the Time aforesaid, for Payment of any Principal or Money to be lent or covenanted to be performed upon or for any Usury, whereupon or whereby there shall be reserved or taken above the rate of Five Pounds in the Hundred, as aforesaid, shall be utterly void...
Page 67 - ... one-half to him who shall prosecute to effect, and the other half to the treasury of the town where the offence is committed, and every person who shall be convicted a second time of a like offence shall be disfranchised.
Page 11 - Wherefore I, the said notary, at the request aforesaid, have protested, and by these presents do solemnly protest, as well against the Drawer, Acceptor, and Indorsers of the said Bill of Exchange, as against all others, whom it may concern, for exchange, reexchange, and...
Page 112 - MONEY. 4 farthings = 1 penny. 12 pence = 1 shilling. 20 shillings = 1 pound.

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