 | W. F. Walker - Arithmetic - 1841 - 246 pages
...taken to augment the principal; but interest continues ons the former principal, until the period when the payments taken together exceed the interest due,...is to be computed on the balance, as aforesaid'." 2. Illustration. A note was given February 1, 1830, for the payment of $500, on which there were endorsements... | |
 | Esek Cowen - Justices of the peace - 1841 - 698 pages
...taken to augment the principal ; but interest continues on the former principal until the period when the payments, taken together, exceed the interest...principal ; and interest is to be computed on the balance of the principal as aforesaid.' 1 John. Ch. R. 17, 18. 2 id. 209, SP(t) The same rule prevails in Massachusetts,... | |
 | William Ruger - Arithmetic - 1841 - 268 pages
...the principal, but interest continues on the former principal until the period When the pSynlents, taken together, exceed the interest due, and then...principal ; and interest is to be computed on the balance ol principal as aforesaid." (Johnson,s Chancery Reports, Vol. I. page 17.) Tkis Ride is founded on... | |
 | Jeremiah W. Blydenburgh - Interest - 1844 - 364 pages
...added to the principal ; but the interest continues on the former principal, until the period when the payments, taken together, exceed the interest...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
...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 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 - 402 pages
...taken to augment the principal ; but interest continues on the former principal until the period when the payments, taken together, exceed the interest...the language of the distinguished Chancellor Kent. — Johnton 't Chancery Reports, Vol. I. p. 17. $850. NEW HAVEN, Jan. 1 st, 1 84 1 . 43. For value... | |
 | James Bates Thomson - Arithmetic - 1846 - 354 pages
...taken to augment the principal ; but interest continues on the former principal until the period when the payments, taken together, exceed the interest...the language of the distinguished Chancellor Kent. — Johnton' I Chancery Reports, Vol. I. p. 17. $850. NEW HAVEN, Jan. 1st, 1841. 43. For value received,... | |
 | George Roberts Perkins - Arithmetic - 1846 - 266 pages
...taken to augment the principal ; but interest continues on the former principal until the period when the payments taken together, exceed the interest due,...interest is to be computed on the balance, as aforesaid. By whom was the above rule given ? You first compute the interest on the note from the time it was... | |
 | Frederick Emerson - Arithmetic - 1846 - 318 pages
...payments, taken together, exceed ^ the interest due, unit then the surplus is to be appliedfowards discharging the principal; and interest is to be computed on the balance, as aforesaid." The interest on the following ngjes, must be computed by the above legal rule. (116.) Washington, March... | |
 | James Bates Thomson - Arithmetic - 1847 - 426 pages
...taken to augment the principal ; but interest continues on the former principal until the period when the payments, taken together, exceed the interest...aforesaid." Note.— The above rule is adopted by New York, Massachusetts, and most of the other States of the Union. It is given in the language of... | |
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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... 
