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" 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... "
Higher Arithmetic : Or, The Science and Application of Numbers: Combining ... - Page 259
by James Bates Thomson - 1860 - 422 pages
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - Arithmetic - 1822 - 562 pages
...disrharge of the interest then due. If the payment exceeds the interest, the surplus goes to wan!? discharging the principal . and the subsequent interest...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...
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - Arithmetic - 1822 - 536 pages
...then due. If the payment 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...
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The Office and Duties of Masters in Chancery and Practice in the Master's ...

Murray Hoffman - Equity pleading and procedure - 1824 - 472 pages
...applied in discharge of the interest then due. If tho payment exceeds the interest, the surplus goei towards discharging the principal, and the subsequent...interest is to be computed on the balance of principal due. If the payment be IB-IS than the interest, the surplus interest. must not be taken to augment...
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A New System of Arithmetick: In which the Rules are Familiarly Demonstrated ...

William Ruger - Arithmetic - 1832 - 282 pages
...payment, in the first place, to the discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the...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...
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Cobb's Explanatory Arithmetick, Number Two: Containing the Compound Rules ...

Lyman Cobb - Arithmetic - 1832 - 228 pages
...the discharge of the interest then due. If the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest...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...
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The North American Arithmetic: Part Third, for Advanced Scholars, Volume 3

Frederick Emerson - Arithmetic - 1834 - 300 pages
...payment, in the first place, to the discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the...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...
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Every Man His Own Teacher: Being an Introduction to Arithmetic, Whereby ...

John Preston - Arithmetic - 1834 - 312 pages
...the payment in the first place, to the discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the...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...
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Reports of Cases Argued and Determined in the Supreme Court of Judicature of ...

Indiana. Supreme Court, Isaac Newton Blackford - Law reports, digests, etc - 1836 - 550 pages
...payment, in the first place, to the discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the...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...
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A New System of Arithmetick: In which the Rules are Familiarly Demonstrated ...

William Ruger - Arithmetic - 1836 - 274 pages
...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 angmeat the principal, but interest continues on the former principal until the period when the payments,...
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A Practical and Theoretical System of Arithmetic...: Also, a Treatise on ...

George Willson - Arithmetic - 1836 - 202 pages
...the payment in the first place to the discharge of the interest then due. If the payment exceeds the interest, 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...
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