 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...  Stoddard's Practical Arithmetic - Page 192by John Fair Stoddard - 1852 - 299 pagesFull view - About this book
 | James Bates Thomson - Arithmetic - 1846 - 354 pages
...to the discharge of the interest then due. II. If the payment exceeds the interest, the surplus goes towards discharging the principal, 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 must... | |
 | George Roberts Perkins - Arithmetic - 1846 - 266 pages
...place, to the discharge of the interest then due. If the payment exceed the interest, the surplus goes towards discharging the 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 must not... | |
 | James Bates Thomson - Arithmetic - 1846 - 402 pages
...the discharge of the interest then due. . II. If the payment exceeds the interest, the surplus goes towards discharging the principal, 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 must... | |
 | James Bates Thomson - Arithmetic - 1847 - 426 pages
...the discharge of the interest then due. II. " If the payment exceeds the interest, the surplus goes towards discharging the principal, 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 must... | |
 | William Vogdes - Arithmetic - 1847 - 324 pages
...place , to the discharge of the interest then due. If the payment exceed the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the balance of principal remaining due. when the payments, taken together, exceed the interest due, and then the surplus... | |
 | James Robinson (of Boston.) - 1847 - 304 pages
...to the discharge of the interest then due. " If the payment exceeds the interest, the surplus goes towards discharging the 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 must not... | |
 | James Bates Thomson - Arithmetic - 1847 - 432 pages
...interest then due. II. " If the payment exceeds the interest, the surplus goes towards discliarging tlie principal, 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 must... | |
 | James Bates Thomson - Arithmetic - 1848 - 434 pages
...the discharge of the interest then due. II. " If the payment exceeds the interest, the surplus goes towards discharging the principal, 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 must... | |
 | Thomas Rainey - Arithmetic - 1849 - 320 pages
...disc/large of the interest then due. II. " If the payment exceeds the interest, the surplus goes toward discharging the principal ; and the subsequent interest...computed on the balance of the principal remaining due. III. "If the payment be less than the interest, the surplus of interest must not be taken to augment... | |
 | George Roberts Perkins - Arithmetic - 1849 - 346 pages
...place, to the discharge of the interest then due^- If the payment exceed the interest, tht surplus goes towards discharging the principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment le less than the interest, the surplus of interest must not... | |
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