 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
 | Isaac A. Clark - Arithmetic - 1846 - 204 pages
...payment be leas t han the interest, the surplus interest must not be taken to augment the principal; but interest continues on the former principal until the...when the payments taken together exceed the interest then di.e, and then the surplus goes towards discharging the debt. The interest is computed on the... | |
 | 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.... | |
 | James Robinson (of Boston.) - 1847 - 304 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." 83.... | |
 | James Bates Thomson - Arithmetic - 1847 - 426 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." Note.—... | |
 | William Vogdes - Arithmetic - 1847 - 324 pages
...principal, and the subsequent interest is to be computed on the balance of principal remaining due. when 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. EXAMPLES.... | |
 | Florida. Supreme Court - Law reports, digests, etc - 1848 - 786 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...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 Bates Thomson - Arithmetic - 1848 - 434 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 discJiarging the principal ; and interest is to be computed on the balance as aforesaid." Note.... | |
 | Thomas Rainey - Arithmetic - 1849 - 334 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 toward discharging the principal ; and interest is to be computed on the balance as aforesaid." A. gave to B. his note for 12,000 dollars;... | |
 | Thomas Rainey - Arithmetic - 1849 - 320 pages
...interest, the surplus of interest must not be taken to augment the principal ; but interest continues en the former principal until the period when the payments,...be applied toward discharging the principal ; and interest is to be computed on the balance as aforesaid." A. gave to B. his note for 12,000 dollars;... | |
 | George Roberts Perkins - Arithmetic - 1849 - 346 pages
...le 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." The... | |
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