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 - 302 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 - 424 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 - 256 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 - 422 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 - 347 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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