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... Higher Book - Page 192by William Seneca Sutton - 1896Full view - About this book
| John Tilden Prince - Arithmetic - 1894 - 246 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...is to be applied toward discharging the principal."** Tell this to the pupils, and show how it would be applied in 7 if the payment made Sept. 25 had been... | |
| John Williston Cook, Nebraska Cropsey - Arithmetic - 1896 - 454 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...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, Illustrative... | |
| Law reports, digests, etc - 1896 - 1182 pages
...taken to augment the principal; but Interest continues on the former principal until the period when **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 of principal, as aforesaid."... | |
| James Schouler - Personal property - 1896 - 848 pages
...the interest due, not to take the surplus of interest to augment the principal, but cast the interest **on the former principal until the period when the payments taken together exceed the interest** due.2 This rule is fairer to the lender than the rule of compound interest, and is preferred both in... | |
| Abraham Clark Freeman - Law reports, digests, etc - 1897 - 1006 pages
...Is 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...to be applied toward discharging the principal, and** interest is to be computed on the balance. Controversy over the method of computing interest. There... | |
| Utah - Law - 1897 - 1262 pages
...the principal, but interest continues on the former principal until tinperiod when the payments token **together exceed the interest due. and then the surplus...is to be applied toward discharging the principal.** Perry v. Taylor, 1 U. №. Where the evidence in tinrecord is not sufficient to justify the computation... | |
| Commerce - 1901 - 620 pages
...principal, and the subsequent interest is to be computed on the balance of the principal remaining due. **If the payment be less than the interest the surplus...taken together, exceed the interest due, and then** t he surplus is to be applied towards discharging the principal, and interest is to be computed on... | |
| Eugene L. Dubbs - Arithmetic - 1901 - 462 pages
...is 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 toward discharging the principal ; and** interest is to be computed on the balance as aforesaid. — KENT. REMARK. This rule is founded upon... | |
| Howard Irving Smith - Finance - 1903 - 564 pages
...principal, and the subsequent interest is to be computed on the balance of the principal remaining due. **If the payment be less than the interest the surplus...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." A compound... | |
| Joseph Ray - Arithmetic - 1903 - 364 pages
...is less than the interest, the surplus of interest must not be taken to augment the principal, but **interest continues on the former principal, until...be applied toward discharging the principal ; and** interest is to be computed on the balance, as aforesaid." — KENT. NOTE. — This rule is founded... | |
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