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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... "
The American Commercial Arithmetic: For the Use of the Grand Rapids Business ... - Σελίδα 164
των T. A. Bryce - 1873 - 366 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...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...

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

Nicolas Pike - 1832 - 538 σελίδες
...t .wards discharging the principal, anJ the Subsequent interest is to be computed on the balance of principal remaining due. 'If the payment be less than...to augment the principal ; but interest continues en 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...interest continues on the former principal until the period whett the payments, taken together, exceed the interest due, and then the surplus is to be applied...

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

Nicolas Pike - 1822 - 536 σελίδες
...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
...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...

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

Lyman Cobb - 1832 - 228 σελίδες
...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...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...

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

William Ruger - 1832 - 282 σελίδες
...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...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...

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

Nicolas Pike - 1832 - 540 σελίδες
...goes toward discharging the principal, and the subsequent isterest is to be computed on the balance of principal remaining due. If the payment be less than...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...

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

Nicolas Pike - 1832 - 544 σελίδες
...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 on the former principal until the period when the payments, taken together, exceed the interest due, and then the surplus is to be applied...

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

John Preston - 1834 - 312 σελίδες
...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...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...




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