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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... "
An Elementary Arithmetic Serving as an Introduction to the Higher Arithmetic - Page 232
by George Roberts Perkins - 1869 - 347 pages
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Stoddard's Practical Arithmetic

John Fair Stoddard - Arithmetic - 1852 - 320 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...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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A Theoretical and Practical Arithmetic: Designed for Common Schools and ...

Daniel Leach - Arithmetic - 1853 - 622 pages
...balance of principal remaining due. " If the payment be less than the interest, the surplus 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." PROVIDENCE, April 12, 1840. 75. For value received,...
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A Practical and Theoretical Arithmetic: Designed for the Use of Schools and ...

Charles D. Lawrence - Arithmetic - 1854 - 336 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 computed on the balance, as aforesaid." This rule has been adopted by Massachusetts, New York, and...
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An Elementary Arithmetic Designed for Academies and Schools: Also Serving as ...

George Roberts Perkins - Arithmetic - 1855 - 388 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." The above rule has been adopted by New York, Masso*...
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A Treatise on Arithmetic ...

Noble Heath - 1855 - 468 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." NEW TOKK, July 8, 1850. For value received, I promise...
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Higher Arithmetic; Or, The Science and Application of Numbers: Combining the ...

James Bates Thomson - Arithmetic - 1855 - 436 pages
...remaining due. HI. "If the payment be less than the interest, the surplus of Merest must not be taJcen to augment the principal ; but interest continues...together, exceed the interest due, and then the surplus •tstobe applied towards discharging the principal ; and interest is to fe computed on the balance...
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A Treatise on Arithmetic: Through which the Entire Science Can be Most ...

Noble Heath - Arithmetic - 1856 - 472 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." NEW TOTIK, July 8, 1850. For value received, I promise...
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The American Philosophical Arithmetic: Designed for the Use of Advanced ...

John Fair Stoddard - Arithmetic - 1856 - 312 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." $860. BETHANY, Sept. 8th, 1850. [1.] On demand, I...
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The Merchants', Students' and Clerks' Manual

James Robinson - Accounting - 1856 - 108 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...be applied towards discharging the principal; and the interest is to be computed on the balance, as aforesaid." ' • $1250.00 BOSTON, JAN. 1..1855....
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The North American Arithmetic: Part Third, for Advanced Scholars

Frederick Emerson - Arithmetic - 1834 - 340 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 4he period when the payments, taken together, exceed the interest due, and then the surplus is to be...
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