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" If the payment be less than the interest, the surplus of the 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... "
A New and Complete System of Arithmetick: Composed for the Use of the ... - Page 265
by Nicolas Pike - 1832 - 528 pages
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Reports of Cases Adjudged in the Court of Chancery of New-York ..., Volume 7

New York (State). Court of Chancery, William Johnson - Equity - 1824 - 748 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...the payment be less than the interest, the surplus interest must not be added to the principal ; but the interest continues on the former principal, until...
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A Practical and Theoretical System of Arithmetic...: Also, a Treatise on ...

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...the principal; but interest continues on the former mncipal, until the period when the payments taken together t xceed the interest due, and then the surplus...
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A New System of Arithmetick: In which the Rules are Familiarly Demonstrated ...

William Ruger - Arithmetic - 1836 - 274 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...interest, the surplus of interest must not be taken to angmeat the principal, but interest continues on the former principal until the period when the payments,...
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A Digest of the Cases Decided and Reported in the Supreme Court of ...

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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The Common School Arithmetic ...: To which is Added a Dictionary of ...

Peirpont Edward Bates Botham - Arithmetic - 1837 - 252 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 lesa than the Int., the surplus of interest must not be taken ti augment the principal, but interest...
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A Practical and Theoretical System of Arithmetic: Containing Several New ...

George Willson - Arithmetic - 1838 - 194 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...interest, the surplus of interest must not be taken to zugmcnt the principal; but interest continues on the former irincipnl, until the period when the payments...
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A Practical and Theoretical System of Arithmetic: Containing a New System of ...

George Willson - Arithmetic - 1838 - 194 pages
...the surplus goes towards discharging the principal, and the subsequent interest is to be computed fin the balance of principal remaining due. If the payment...surplus of interest must not be taken to augment the p.-inc:pal ; but interest continues on the former principal, until the period when the payments taken...
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The North American Arithmetic: Part Third, for Advanced Scholars

Frederick Emerson - Arithmetic - 1839 - 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...be less than the interest, the surplus of interest muat not be taken to augment the principal; but interest continues on the former principal until the...
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The North American Arithmetic: part third

Frederick Emerson - 1840 - 302 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...be less than the interest, the surplus of interest mu.it not be taken to augment the principal; but interest continues on the former principal until the...
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Ruger's Arithmetick, with Questions and Answers: A New System of Arithmetick ...

William Ruger - Arithmetic - 1841 - 268 pages
...ejcee-ls the interest, the surplus goes towards discharging the-principal, and the subsequent interest is to be computed on the balance of principal remaining...on the former principal until the period When the pSynlents, taken together, exceed the interest due, and then the surplus is to be applied towards discharging...
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