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" 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... "
Arithmetic: As Taught in the Troy Episcopal Institute - Σελίδα 192
των W. F. Walker - 1841 - 231 σελίδες
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An Historical Treatise on the Practice of the Court of Chancery of the State ...

Dominick T. Blake - 1818 - 706 σελίδες
...the principal, and compute interest upon the balance of principal remaining due, to the next payment. If the payment be less than the interest, the surplus...to augment the principal ; but interest continues on the former principal, until the period when the payments taken together exceed the interest due,...

A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1822 - 562 σελίδες
...interest is to be computed on the balance of principal remaining due. If the payment be less than tin- interest, the surplus of interest must not be taken to augment the principal; but interest continues on the former principal until the period whett the payments, taken together, exceed the interest due,...

A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1822 - 536 σελίδες
...surplus goes towards discharging the principal, aud the subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the MMplus of interest must not be taken to augment the principal ; but interest continues on the former...

Reports of Cases Adjudged in the Court of Chancery of New-York ..., Τόμος 7

New York (State). Court of Chancery, William Johnson - 1824 - 748 σελίδες
...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 interest must not be added to the principal ; but the interest continues on the former principal, until...

A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1832 - 540 σελίδες
...surplus goes toward discharging the principal, and the subsequent isterest is to be computed on the balance of principal remaining due. If the payment...to augment the principal ; but interest continues on the former principal until the period when the payments, taken together, exceed the interest due,...

A New System of Arithmetick: In which the Rules are Familiarly Demonstrated ...

William Ruger - 1832 - 282 σελίδες
...surplus goes towards discharging the principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment...taken to augment the principal, but Interest continues on the former principal until the period when the payments, taken together, exceed the Interest due,...

Cobb's Explanatory Arithmetick, Number Two: Containing the Compound Rules ...

Lyman Cobb - 1832 - 228 σελίδες
...surplus goes toward discharging the principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment...to augment the principal ; but interest continues on the former principal until the period when the payments, taken together, exceed the interest due...

A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1832 - 544 σελίδες
...surplus goes toward 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 imprest, the surplus of interest must not betaken to augment the principal; but interest continues...

Every Man His Own Teacher: Being an Introduction to Arithmetic, Whereby ...

John Preston - 1834 - 312 σελίδες
...surplus goes towards discharging the principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment...to augment the principal ; but interest continues on the former principal until the period when the payments, taken together, exceed the interest due,...

The North American Arithmetic: Part Third, for Advanced Scholars, Τόμος 3

Frederick Emerson - 1834 - 300 σελίδες
...surplus goes towards discharging the principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment...taken to augment the principal; but interest continues on the former principal until the period when the payments, taken together, exceed the interest due,...




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