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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... "
Cobb's Explantory Arithmetick, Number Two: Containing the Compound Rules ... - Page 160
by Lyman Cobb - 1836 - 216 pages
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - Arithmetic - 1832 - 538 pages
...inthe surplus goes t .wards discharging the principal, anJ the Subsequent interest is to be computed on the balance of principal remaining due. 'If the...to augment the principal ; but interest continues en the former principal until the period when the payments, taken together, exceed the interest due....
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - Arithmetic - 1822 - 536 pages
...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 on the former...
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - Arithmetic - 1822 - 562 pages
...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...
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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
...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 interest must not be added to the principal ; but the interest continues on the former principal, until...
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - Arithmetic - 1832 - 544 pages
...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 imprest, the surplus of interest must not betaken to augment the principal; but interest continues...
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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
...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...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
...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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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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A Practical and Theoretical System of Arithmetic: Containing Several New ...

George Willson - Arithmetic - 1838 - 194 pages
...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...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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