 | Jared Sparks, Edward Everett, James Russell Lowell, Henry Cabot Lodge - American fiction - 1839 - 536 pages
...principal remaining due. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal ; but interest continues...applied towards discharging the principal ; and interest is to be computed on the balance, as aforesaid." Thus we find this rule in the recent Arithmetics.... | |
 | Esek Cowen - Justices of the peace - 1841 - 698 pages
...17 id.511. (j) 3 Cowen, 86, 87.(note.) less than the interest, the surplus of interest must not be taken to augment the principal ; but interest continues...applied towards discharging the principal ; and interest is to be computed on the balance of the principal as aforesaid.' 1 John. Ch. R. 17, 18. 2 id. 209,... | |
 | George Roberts Perkins - Arithmetic - 1841 - 274 pages
...principal remaining due. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal; but interest continues...applied towards discharging the principal; and interest is to be computed on the balance, as aforesaid." Examples.' UTICA, Nov. 1, 1837. The following endorsements... | |
 | W. F. Walker - Arithmetic - 1841 - 246 pages
...interest, the surplus of interest must not be taken to augment the principal; but interest continues ons the former principal, until the period when the payments...applied towards discharging the principal ; and interest is to be computed on the balance, as aforesaid'." 2. Illustration. A note was given February 1, 1830,... | |
 | William Ruger - Arithmetic - 1841 - 268 pages
...principal remaining due. 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 pSynlents, taken together, exceed the interest due, and then the surplus is to be applied towards discharging... | |
 | Jeremiah W. Blydenburgh - Interest - 1844 - 364 pages
...payment be less than the interest, the surplus interest must not be added to the principal ; but the interest continues on the former principal, until...be applied towards discharging the principal, and the interest afterwards computed on the balance of principal. State of Connecticut v. Jackson, 1J.... | |
 | Horatio Nelson Robinson - Arithmetic - 1845 - 310 pages
...principal remaining due. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal ; but interest continues...interest 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... | |
 | James Bates Thomson - Arithmetic - 1846 - 354 pages
...principal remaining due. III. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal ; but interest continues...applied towards discharging the principal ; and interest is to be computed on the balance, as aforesaid)' Note. — The above rule is adopted by Massachusetts,... | |
 | George Roberts Perkins - Arithmetic - 1846 - 266 pages
...principal remaining due.. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal ; but interest continues...applied towards discharging the principal ; and interest is to be computed on the balance, as aforesaid. By whom was the above rule given ? You first compute... | |
 | James Bates Thomson - Arithmetic - 1846 - 402 pages
...principal remaining due. III. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal ; but interest continues...applied towards discharging the principal ; and interest is to be computed on the balance, as aforesaid." Note. — The above rule is adopted by Massachusetts,... | |
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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... 
