If the payment be less than the interest, the surplus of interest must not be taken to augment the principal; but interest continues on the former principal until the period when the payments, taken together, exceed the interest due, and then the surplus... Practical Arithmetic, by Induction and Analysis - Page 225by Joseph Ray - 1857 - 320 pagesFull view - About this book
| Nicolas Pike - Arithmetic - 1822 - 536 pages
...exceeds the interest, the surplus goes towards discharging the principal, aud the subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the MMplus of interest must not be taken to augment the principal ; but interest continues... | |
| Nicolas Pike - Arithmetic - 1822 - 562 pages
...exceeds the interest, the surplus goes to wan!? discharging the principal . and the subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than tin- interest, the surplus of interest must not be taken to augment the principal; but interest continues... | |
| William Ruger - Arithmetic - 1832 - 282 pages
...exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the Interest, the surplus of Interest must not be taken to augment the principal, but Interest continues... | |
| Lyman Cobb - Arithmetic - 1832 - 228 pages
...exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal ; but interest continues... | |
| Frederick Emerson - Arithmetic - 1834 - 300 pages
...exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal; but interest continues... | |
| John Preston - Arithmetic - 1834 - 312 pages
...exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal ; but interest continues... | |
| Indiana. Supreme Court, Isaac Newton Blackford - Law reports, digests, etc - 1836 - 550 pages
...exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal; but interest continues... | |
| Lyman Cobb - Arithmetic - 1836 - 228 pages
...interest, the surplus goes toward discharging the principal, nnd the subsequent interest is to be compiled on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal ; but interest continues... | |
| George Willson - Arithmetic - 1836 - 202 pages
...the surplus goes towards discharging the principal, and the subsequent interest is to be computed nn the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal; but interest continues... | |
| William Johnson - Law reports, digests, etc - 1837 - 678 pages
...the interest, the surplus ¡гоез towards discharging the principal ; and the subsequent interest is to be computed on the balance of principal remaining •due. If the payment be less [ »285 ; than the interest, the surplus interest must not be added to the principal ; but the interest... | |
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