 | Frederick Emerson - Arithmetic - 1834 - 300 pages
...then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the...on the former principal until the period when the payments, taken together, exceed the interest due, and then the surplus is to be applied towards discharging... | |
 | John Preston - Arithmetic - 1834 - 312 pages
...then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the...on the former principal until the period when the payments, taken together, exceed the interest due, and then the surplus is to be applied towards discharging... | |
 | Indiana. Supreme Court, Isaac Newton Blackford - Law reports, digests, etc - 1836 - 550 pages
...then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the...on the former principal until the period when the payments, taken together, exceed the interest due, and then the surplus is to be applied towards discharging... | |
 | Lyman Cobb - Arithmetic - 1836 - 228 pages
...interest, the surplus goes toward discharging the principal, nnd the subsequent interest is to be compiled on the balance of principal remaining due. If the...on the former principal until the period when the payments, taken together, exceed the interest due ; and then the surplus is to be applied toward discharging... | |
 | George Willson - Arithmetic - 1836 - 202 pages
...the surplus goes towards discharging the principal, and the subsequent interest is to be computed nn the balance of principal remaining due. If the payment...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... | |
 | William Ruger - Arithmetic - 1836 - 274 pages
...then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on 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,... | |
 | William Johnson - Law reports, digests, etc - 1837 - 678 pages
...due. If the payment exceeds the interest, the surplus ¡гоез towards discharging the principal ; and the subsequent interest is to be computed on the...principal remaining •due. If the payment be less [ »285 ; than the interest, the surplus interest must not be added to the principal ; but the interest... | |
 | Peirpont Edward Bates Botham - Arithmetic - 1837 - 252 pages
...then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the...balance of principal remaining due. If the payment be lesa than the Int., the surplus of interest must not be taken ti augment the principal, but interest... | |
 | George Willson - Arithmetic - 1838 - 194 pages
...then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the...interest, the surplus of interest must not be taken to zugmcnt the principal; but interest continues on the former irincipnl, until the period when the payments... | |
 | George Willson - Arithmetic - 1838 - 194 pages
...the surplus goes towards discharging the principal, and the subsequent interest is to be computed fin the balance of principal remaining due. If the payment...surplus of interest must not be taken to augment the p.-inc:pal ; but interest continues on the former principal, until the period when the payments taken... | |
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The rule for casting interest, when partial payments have been made, is to apply the payment, in the first place, to the discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the... 
