 | George Roberts Perkins - Arithmetic - 1849 - 344 pages
...on the balance of the principal remaining due. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal;...until the period when the payments, taken together, equal or exceed the interest due, and then the surplus is to be applied towards discharging the principal,... | |
 | George Roberts Perkins - Arithmetic - 1849 - 356 pages
...interest continues on the former principal until the period when the payments, taken together, equal or exceed the interest due, and then the surplus is to...principal , and interest is to be computed on the balance, as aforesaid." UTICA, May 16, 1839. 1. For value received, I promise to pay AB, or order, three hundred... | |
 | Thomas Rainey - Arithmetic - 1849 - 320 pages
...balance of the principal remaining due. III. "If the payment be less than the interest, the surplus of interest must not be taken to augment the principal ; but interest continues en the former principal until the period when the payments, taken together, exceed the interest due,... | |
 | Benjamin Naylor - 1850 - 334 pages
...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 principal,...principal, and interest is to be computed on the balance as aforesaid. 1. $300. Philadelphia, May 1, 1842. For value received, I promise to pay James Thornton,... | |
 | George Roberts Perkins - Arithmetic - 1850 - 364 pages
...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 principal...principal ; and interest is to be computed on the balance, as aforesaid." The above rule has been adopted by New York, Massa* From a Latin phrase, in darso, meaning... | |
 | George Roberts Perkins - Arithmetic - 1850 - 356 pages
...on the balance of the principal remaining due. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal;...until the period when the payments, taken together, equal or exceed the interest due, and then the surplus is to be applied towards discharging the principal... | |
 | Daniel Leach - Arithmetic - 1851 - 280 pages
...on the balance of principal remaining due. " If the payment be less than the interest, the surplus must not be taken to augment the principal; but interest...principal, and interest is to be computed on the balance, as aforesaid" PROVIDENCE, April 12, 1840. 75. For value received, I promise to pay to James Fenner,... | |
 | George Roberts Perkins - Arithmetic - 1851 - 356 pages
...principal remaining due. If the payment be less than the interest, the surplus of interest must not IK; taken to augment the principal; but interest continues...principal; and interest is to be computed on the balance, as aforesaid." The above rule has been adopted by New York, Massa* ehusetts, and by nearly all the... | |
 | Commerce - 1852 - 780 pages
...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 principal...is to be computed on the balance of principal, as aforesaid." The mercantile method, on the other hand, which derives its name from the feet that it... | |
 | Commerce - 1852 - 780 pages
...principal remaining due. If the payment be less than the interest, the surplus of interest must not bo taken to augment the principal ; but interest continues...is to be computed on the balance of principal, as aforesaid." The mercantile method, on the other hand, which derives its name from the fact that it... | |
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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... 
