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If the payment 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...
Ray's New Higher Arithmetic: A Revised Edition of the Higher Arithmetic - Page 261
by Joseph Ray - 1880 - 408 pages

## A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - Arithmetic - 1822 - 560 pages
...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...continues on the former principal until the period whett the payments, taken together, exceed the interest due, and then the surplus is to be applied...

## A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - Arithmetic - 1832 - 532 pages
...principal, anJ the Subsequent interest is to be computed on the balance of principal remaining due. 'If the payment be less than the interest, the surplus...to augment the principal ; but interest continues en the former principal until the period when the payments, taken together, exceed the interest due....

## The Office and Duties of Masters in Chancery and Practice in the Master's ...

Murray Hoffman - Equity pleading and procedure - 1824 - 472 pages
...IB-IS than the interest, the surplus interest. must not be taken to augment the principal, but the interest continues on the former principal, until...is to be applied towards discharging the principal. In Stoughton v. Lynch, the subject was brought before him 2 johni. C. on exceptions to the report of...

## Cobb's Explanatory Arithmetick, Number Two: Containing the Compound Rules ...

Lyman Cobb - Arithmetic - 1832 - 228 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 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."...

## A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - Arithmetic - 1832 - 542 pages
...principal, and the subsequent isterest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus...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."...

## A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - Arithmetic - 1832 - 544 pages
...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 on...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."...

## Cobb's Explantory Arithmetick, Number Two: Containing the Compound Rules ...

Lyman Cobb - Arithmetic - 1836 - 216 pages
...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...interest due ; and then the surplus is to be applied toward discharging the princ:;"-,'. inrt interest is to be computed on the balance of principal as...

## A Practical and Theoretical System of Arithmetic: Containing Several New ...

George Willson - Arithmetic - 1836 - 202 pages
...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...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...

## A New System of Arithmetick: In which the Rules are Familiarly Demonstrated ...

William Ruger (A.B.) - 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,...

## A Digest of the Cases Decided and Reported in the Supreme Court of ...

William Johnson - Law reports, digests, etc - 1837 - 676 pages
...less [ »285 ; than the interest, the surplus interest must not be added to the principal ; but the interest continues on the former principal, until...exceed the interest due, and then the surplus is to l>e applied towards discharging the principal, and the interest afterwards com283 285 puled on the...