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
| Daniel Leach - Arithmetic - 1853 - 626 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." $400.... | |
| Horatio Nelson Robinson - Arithmetic - 1854 - 306 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...to be applied toward discharging the principal; and** interest is to be computed on the balance, as aforesaid." Rule 3d, which follows, is one adopted by... | |
| Charles D. Lawrence - Arithmetic - 1854 - 336 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 computed on the balance, as aforesaid." This rule... | |
| Noble Heath - Arithmetic - 1846-1880 - 1855 - 468 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." NEW... | |
| George Roberts Perkins - Arithmetic - 1855 - 382 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... | |
| Noble Heath - Arithmetic - 1856 - 472 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." NEW... | |
| James Robinson - Accounting - 1856 - 108 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 the interest is to be computed on the balance, as aforesaid."... | |
| John Fair Stoddard - Arithmetic - 1856 - 312 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." $860.... | |
| Frederick Emerson - Arithmetic - 1834 - 346 pages
...must not be taken to augment the principal; but interest continues on the former principal until 4he **period 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." The... | |
| Pliny Earle Chase - Arithmetic - 1857 - 338 pages
...less than the interest, the surplus of the 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." Interest... | |
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