 | Horatio Nelson Robinson - Arithmetic - 1845 - 310 pages
...principal, and the subsequent, interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of...due, and then the surplus is to be applied toward discharging^the principal ; and interest is to be computed on the balance, as aforesaid." Rule 3d,... | |
 | James Bates Thomson - Arithmetic - 1846 - 402 pages
...and the subsequent interest is to be computed on the balance of principal remaining due. III. If the payment be less than the interest, the surplus of...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 Bates Thomson - Arithmetic - 1846 - 354 pages
...and the subsequent interest is to be computed on the balance of principal remaining due. III. If the payment be less than the interest, the surplus of...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.... | |
 | George Roberts Perkins - Arithmetic - 1846 - 266 pages
...principal, and the subsequent interest is to be computed on the balance of principal remaining due.. If the payment be less than the interest, the surplus of...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. By... | |
 | Frederick Emerson - Arithmetic - 1846 - 318 pages
...principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of...payments, taken together, exceed ^ the interest due, unit then the surplus is to be appliedfowards discharging the principal; and interest is to be computed... | |
 | James Bates Thomson - Arithmetic - 1846 - 362 pages
...the subsequent interest is to be computed on the balance of principal remaining due. III. " If the payment be less than the interest, the surplus of...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... | |
 | Isaac A. Clark - Arithmetic - 1846 - 204 pages
...the balance of the principal remaining due. If the payment be leas t han the interest, the surplus interest must not be taken to augment the principal;...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... | |
 | Isaac A. Clark - Arithmetic - 1846 - 218 pages
...on the balance of the principal remaining due. If the payment be less than the interest, the surplus interest must not be taken to augment the principal;...interest continues on the former principal until the perioj when the payments taken together exceed the interest then di:e, and then the surplus goes towards... | |
 | James Robinson (of Boston.) - 1847 - 304 pages
...principal, and the subsequent interest is to be computed on the balance of principal remaining due. " If the payment be less than the interest, the surplus of...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
...the subsequent interest is to be computed on the balance of principal remaining due. III. " If the payment be less than the interest, the surplus of...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.—... | |
| |
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... 
