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
| Joseph Ray - Arithmetic - 1857 - 340 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 together, exceed the Int. due, and then the surplus is to be applied toward discharging the principal; and Int is to be... | |
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