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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, and then the surplus... "
The Crittenden Commercial Arithmetic and Business Manual ... - Page 147
by John Groesbeck - 1891
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - Arithmetic - 1832 - 538 pages
...until the period when the payments, taken together, exceed the interest due. and then the surplus is W be applied towards discharging the principal ; and interest is to be computed on the balance of principal as aforesaid." [.Johnson's Chancery Reports, Vol. I. page 17.] This Rule contains the...
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - Arithmetic - 1832 - 544 pages
...the payments, taken together, exceed the interest due, and then the surplus is to be applied toward discharging the principal ; and interest is to be computed on the balance of principal as aforesaid." [Johnson's Chancery Reports, Vol. I. page 17.] This Rule contains the following...
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Cobb's Explanatory Arithmetick, Number Two: Containing the Compound Rules ...

Lyman Cobb - Arithmetic - 1832 - 228 pages
...the payments, taken together, exceed the interest due ; and then the surplus is to be applied toward discharging the principal, and interest is to be computed on the balance of principal as aforesaid." The following Rule was established by the Superiour Court of Massachusetts...
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The North American Arithmetic: Part Third, for Advanced Scholars, Volume 3

Frederick Emerson - Arithmetic - 1834 - 300 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...interest is to be Computed on the balance, as aforesaid." The interest on the following notes, must be computed by the above legal rule. (116.) Washington, March...
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The North American Arithmetic: Part Third, for Advanced Scholars

Frederick Emerson - Arithmetic - 1835 - 300 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...and interest is to be computed on the balance, as ajoresaid." The interest on the following notes, must be computed by the above legal rule. * (116.)...
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The North American Review, Volume 49

Jared Sparks, Edward Everett, James Russell Lowell, Henry Cabot Lodge - American fiction - 1839 - 572 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...interest is to be computed on the balance, as aforesaid." Thus we find this rule in the recent Arithmetics. Mr. Leonard seems to us to have gained much and lost...
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The North American Arithmetic: For Advanced Scholars. part third

Frederick Emerson - Arithmetic - 1839 - 300 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...is to be computed on the balance, as aforesaid.'" The interest on the following notes, must be computed by the above legal rule. (116.) "Washington,...
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The North American Review, Volume 49

Jared Sparks, Edward Everett, James Russell Lowell, Henry Cabot Lodge - American fiction - 1839 - 536 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...interest is to be computed on the balance, as aforesaid." Thus we find this rule in the recent Arithmetics. Mr. Leonard seems to us to have gained much and lost...
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The North American Arithmetic: Part Third, for Advanced Scholars

Frederick Emerson - Arithmetic - 1839 - 300 pages
...of principal remaining due. If the payment be less than the interest, the surplus of interest muat not be taken to augment the principal; but interest...is to be computed on the balance, as aforesaid.'" The interest on the following notes, must be computed by the above legal rule. (116.) Washington, March...
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The North American Arithmetic: part third

Frederick Emerson - 1840 - 302 pages
...of principal remaining due. If the payment be less than the interest, the surplus of interest mu.it not be taken to augment the principal; but interest...interest is to be computed on the balance, as aforesaid." The interest on the following notes, must be computed by the above legal rule. (116.) Washington, March...
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