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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... "
Bryant and Stratton's Commercial Arithmetic: In Two Parts. Designed for the ... - Page 139
by Emerson Elbridge White - 1861 - 332 pages
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Higher Arithmetic; Or, The Science and Application of Numbers: Combining the ...

James Bates Thomson - Arithmetic - 1848 - 434 pages
...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 towards discJiarging the principal ; and interest is to be computed on the balance as aforesaid." Note....
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Rainey's Improved Abacus: An Explanatory Treatise on the Theory and Practice ...

Thomas Rainey - Arithmetic - 1849 - 320 pages
...but interest continues en the former principal until the period when the payments, taken together, exceed the interest due, and then the surplus is to...interest is to be computed on the balance as aforesaid." A. gave to B. his note for 12,000 dollars; at the expiration of three months he paid 2,000 dollars...
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Higher Arithmetic: Designed for the Use of High Schools, Academies, and ...

George Roberts Perkins - Arithmetic - 1849 - 344 pages
...payments, taken together, equal or exceed the 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" UTICA, May 16, 1839. 1. For value received, I promise to pay AB, or order, three hundred and twenty...
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An Elemtary Arithmetic ...: Serving as an Introduction to the Higher ...

George Roberts Perkins - Arithmetic - 1849 - 346 pages
...; 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 towards discharging the principal ; and interest is to be computed on the balance, as aforesaid." The...
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Practical Arithmetic: Uniting the Inductive with the Synthetic Mode of ...

James Bates Thomson - Arithmetic - 1850 - 352 pages
...the payments, taken together, exceed the 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}"1 Note.— The above rule is adopted by Massachusetts, New York, and the other States of...
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The Speedy Calculator: Being a System of Arithmetic

Benjamin Naylor - 1850 - 334 pages
...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 towards discharging the principal, and interest is to be computed on the balance as aforesaid. 1. $300....
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An Elementary Arithmetic Serving as an Introduction to the Higher Arithmetic

George Roberts Perkins - Arithmetic - 1850 - 364 pages
...; 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 towards discharging the principal ; and interest is to be computed on the balance, as aforesaid." The...
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A Theoretical and Practical Arithmetic: Designed for Common Schools and ...

Daniel Leach - Arithmetic - 1851 - 280 pages
...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 towards discharging the principal, and interest is to be computed on the balance, as aforesaid" PROVIDENCE,...
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An Elementary Arithmetic Designed for Academies and Schools: Also Serving as ...

George Roberts Perkins - Arithmetic - 1851 - 356 pages
...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 towards discharging the principal; and interest is to be computed on the balance, as aforesaid." The...
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Stoddard's Practical Arithmetic

John Fair Stoddard - Arithmetic - 1852 - 320 pages
...the 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 the balance, as aforesaid." I840- , ELLENVILLE, Sept. 8th, 1848. [1.] On demand, I promise to pay Thomas Trumble, 01 bearer, eight...
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