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" 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 192
by William Seneca Sutton - 1896
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Higher Arithmetic: Designed for the Use of High Schools, Academies, and ...

George Roberts Perkins - Arithmetic - 1849 - 344 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 period when the payments, taken together, equal or exceed the interest due, and then the surplus is to be applied towards discharging the principal,...
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Higher Arithmetic: Designed for the Use of High Schools, Academies, and ...

George Roberts Perkins - Arithmetic - 1849 - 356 pages
...interest continues on the former principal until the period when the payments, taken together, equal or 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." UTICA,...
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An Elementary Arithmetic Serving as an Introduction to the Higher Arithmetic

George Roberts Perkins - Arithmetic - 1850 - 364 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." The...
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The Speedy Calculator: Being a System of Arithmetic

Benjamin Naylor - 1850 - 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...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. 1. $300....
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Higher Arithmetic: Designed for the Use of High Schools, Academies, and ...

George Roberts Perkins - Arithmetic - 1850 - 356 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 period when the payments, taken together, equal or exceed the interest due, and then the surplus is to be applied towards discharging the principal...
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An Elementary Arithmetic Designed for Academies and Schools: Also Serving as ...

George Roberts Perkins - Arithmetic - 1851 - 356 pages
...be less than the interest, the surplus of interest must not IK; 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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A Theoretical and Practical Arithmetic: Designed for Common Schools and ...

Daniel Leach - Arithmetic - 1851 - 280 pages
...the payment be less than the interest, the surplus 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" PROVIDENCE,...
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Michigan Reports: Cases Decided in the Supreme Court of Michigan, Volume 82

Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - Law reports, digests, etc - 1891 - 780 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." This...
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Merchants' Magazine and Commercial Review, Volume 27

Commerce - 1852 - 780 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 of principal, as...
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Stoddard's Practical Arithmetic

John Fair Stoddard - Arithmetic - 1852 - 320 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...payments taken together exceed the interest due, and then t/te surplus is to be applied towards discharging the principal ; and interest is to be computed on...
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