 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...  New Practical Arithmetic - Page 313by Eugene L. Dubbs - 1901 - 440 pagesFull view - About this book
 | Esek Cowen - Justices of the peace - 1841 - 698 pages
...§9, 10;andvid. id. 51. ant«, 194, 262, 3. (p) 2 John. 235. 17 id.511. (j) 3 Cowen, 86, 87.(note.) less than the interest, the surplus of interest must...interest due, and then the surplus is to be applied towards discharging the principal ; and interest is to be computed on the balance of the principal... | |
 | George Roberts Perkins - Arithmetic - 1841 - 274 pages
...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...interest due, and then the surplus is to be applied towards discharging the principal; and interest is to be computed on the balance, as aforesaid." Examples.'... | |
 | W. F. Walker - Arithmetic - 1841 - 246 pages
...interest, the surplus of interest must not be taken to augment the principal; but interest continues ons the former principal, until the period when the payments...interest due, and then the surplus is to be applied towards discharging the principal ; and interest is to be computed on the balance, as aforesaid'."... | |
 | William Ruger - Arithmetic - 1841 - 268 pages
...the principal, but interest continues on the former principal until the period When the pSynlents, taken together, exceed the interest due, and then the surplus is to be applied towards discharging the principal ; and interest is to be computed on the balance ol principal as aforesaid."... | |
 | Jeremiah W. Blydenburgh - Interest - 1844 - 364 pages
...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...interest due, and then the surplus is to be applied towards discharging the principal, and the interest afterwards computed on the balance of principal.... | |
 | Horatio Nelson Robinson - Arithmetic - 1845 - 310 pages
...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...due, and then the surplus is to be applied toward discharging^the principal ; and interest is to be computed on the balance, as aforesaid." Rule 3d,... | |
 | George Roberts Perkins - Arithmetic - 1846 - 266 pages
...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...interest due, and then the surplus is to . be applied towards discharging the principal ; and interest is to be computed on the balance, as aforesaid. By... | |
 | James Bates Thomson - Arithmetic - 1846 - 354 pages
...subsequent interest is to be computed on the balance of principal remaining due. III. If the payment be less than the interest, the surplus of interest must...interest due, and then the surplus is to be applied towards discharging the principal ; and interest is to be computed on the balance, as aforesaid)' Note.... | |
 | James Bates Thomson - Arithmetic - 1846 - 402 pages
...subsequent interest is to be computed on the balance of principal remaining due. III. If the payment be less than the interest, the surplus of interest must...interest due, and then the surplus is to be applied towards discharging the principal ; and interest is to be computed on the balance, as aforesaid." Note.... | |
 | James Bates Thomson - Arithmetic - 1846 - 362 pages
...taken to augment the principal ; but interest continues on the former principal until the period lehen the payments, taken together, exceed the interest due, and then the surplus is to be applied towards discharging the principal; and interest is to be computed on the balance as aforesaid." Note.... | |
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