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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... "
The Progressive Higher Arithmetic, for Schools, Academies, and Mercantile ... - Side 312
av Horatio Nelson Robinson - 1860 - 432 sider
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The Prussian Calculator: By which All Business Calculations are Performed by ...

Isaac A. Clark - 1846 - 204 sider
...payment be leas t han the interest, the surplus interest must not be taken to augment the principal; but interest continues on the former principal until the...when the payments taken together exceed the interest then di.e, and then the surplus goes towards discharging the debt. The interest is computed on the...
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The American Arithmetic

James Robinson (of Boston.) - 1847 - 304 sider
...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...be applied towards discharging the principal ; and interest is to be computed on the balance, as aforesaid." 83. $1250.00. Boston, January 1st, 1846....
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Higher Arithmetic: Or, The Science and Application of Numbers; Combining the ...

James Bates Thomson - 1847 - 426 sider
...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...be applied towards discharging the principal ; and interest is to be computed on the balance as aforesaid." Note.— The above rule is adopted by New...
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The United States Arithmetic: Designed for Academies and Schools

William Vogdes - 1847 - 324 sider
...principal, and the subsequent interest is to be computed on the balance of principal remaining due. when the payments, taken together, exceed the interest...be applied towards discharging the principal ; and interest is to be computed on the balance as aforesaid. EXAMPLES. Philadelphia, November 1, 1841. 1....
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Cases Argued and Adjudged in the Supreme Court of Florida, Volum 2

Florida. Supreme Court - 1848 - 786 sider
...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...be applied towards discharging the principal, and interest is to be computed on the balance of principal as aforesaid;" and this rule is sustained by...
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Higher Arithmetic; Or, The Science and Application of Numbers: Combining the ...

James Bates Thomson - 1848 - 434 sider
...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...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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An Elemtary Arithmetic ...: Serving as an Introduction to the Higher ...

George Roberts Perkins - 1849 - 346 sider
...le 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...be 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,...
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Rainey's Improved Abacus: An Explanatory Treatise on the Theory and Practice ...

Thomas Rainey - 1849 - 334 sider
...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...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." A....
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Rainey's Improved Abacus: An Explanatory Treatise on the Theory and Practice ...

Thomas Rainey - 1849 - 320 sider
...interest, the surplus of interest must not be taken to augment the principal ; but interest continues en the former principal until the period when the payments,...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." A....
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Higher Arithmetic: Designed for the Use of High Schools, Academies, and ...

George Roberts Perkins - 1849 - 356 sider
...interest continues on the former principal until the period when the 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,...
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