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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 Progressive Higher Arithmetic, for Schools, Academies, and Mercantile ... - Page 312
by Horatio Nelson Robinson - 1860 - 432 pages
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A Practical and Theoretical Arithmetic: Designed for the Use of Schools and ...

Charles D. Lawrence - Arithmetic - 1854 - 336 pages
...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...be applied towards discharging the principal ; and interest is computed on the balance, as aforesaid." This rule has been adopted by Massachusetts, New...
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A Treatise on Arithmetic ...

Noble Heath - 1855 - 468 pages
...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...be applied towards discharging the principal, and interest is to be computed on the balance, as aforesaid." NEW TOKK, July 8, 1850. For value received,...
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An Elementary Arithmetic Designed for Academies and Schools: Also Serving as ...

George Roberts Perkins - Arithmetic - 1855 - 388 pages
...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...be applied towards discharging the principal ; and interest is to be computed on the balance, as aforesaid." The above rule has been adopted by New York,...
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The American Philosophical Arithmetic: Designed for the Use of Advanced ...

John Fair Stoddard - Arithmetic - 1856 - 312 pages
...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...be applied towards discharging the principal ; and interest is to be computed on the balance, as aforesaid." $860. BETHANY, Sept. 8th, 1850. [1.] On demand,...
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A Treatise on Arithmetic: Through which the Entire Science Can be Most ...

Noble Heath - Arithmetic - 1856 - 472 pages
...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...be applied towards discharging the principal, and interest is to be computed on the balance, as aforesaid." NEW TOTIK, July 8, 1850. For value received,...
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The North American Arithmetic: Part Third, for Advanced Scholars

Frederick Emerson - Arithmetic - 1834 - 340 pages
...must not be taken to augment the principal; but interest continues on the former principal until 4he period when the payments, taken together, exceed the...be applied towards discharging the principal; and interest is to be computed on the balance, as aforesaid." The interest on the following notes, must...
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The Common-school Arithmetic: Designed for Learners of Every Class; and ...

Pliny Earle Chase - Arithmetic - 1857 - 338 pages
...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...be applied towards discharging the principal, and interest is to be computed on the balance as aforesaid." Interest is generally considered as payable...
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A Theoretical and Practical Arithmetic ...

Daniel Leach - 1857 - 314 pages
...the payment be less than the interest, the surplus must not be taken to augment the principal; but interest continues on the former principal until the...exceed the interest due, and then the surplus is to be dpplied towards discharging the principal, and interest is to be computed on the^alance, as aforesaid."...
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Digest of the Laws of California: Containing All Laws of a General Character ...

William H. R. Wood - Law - 1857 - 834 pages
...be less than the interest, the surplus of interest must not be taken to augment the principal, but Backus v. Minor, 3 Cal. '¿31. 6. Where an account has been stated by plaintiff, charging Interest...
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Practical Arithmetic, by Induction and Analysis

Joseph Ray - Arithmetic - 1857 - 348 pages
...payment be less than the Int., the surplus of Int. must not be taken to augment the principal, but Int. continues on the former principal, until the period when the payments, taken it/aether, exceed the Int. due, and then the surplus is to be applied toward discharging the principal;...
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