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" 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 is to be applied towards discharging... "
The Prussian Calculator: By which All Business Calculations are Performed by ... - Σελίδα 38
των Isaac A. Clark - 1846 - 191 σελίδες
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The American Arithmetic

James Robinson (of Boston.) - 1847
...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 be taken to augment the principal; but interest continues on the former principal...

Cases Argued and Adjudged in the Supreme Court of Florida, Τόμος 2

Florida. Supreme Court - 1848
...the discharge of the interest then due. If the payment exceeds the interst, the surplus goes toward discharging the principal ; and the subsequent interest...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,...

Higher Arithmetic: Designed for the Use of High Schools, Academies, and ...

George Roberts Perkins - 1849 - 342 σελίδες
...apply the payment in the first place to the discharge of the interest then due. If the payment exceed the interest, the surplus goes towards discharging...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...

HIGHER ARITHMETIC

GEORGE R. PERKINS A.M., - 1849
...the payment in the first place to the discharge of the interest then due. If the payment exceed tJie interest, the surplus goes towards discharging the...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...

Higher Arithmetic: Designed for the Use of High Schools, Academies, and ...

George Roberts Perkins - 1850 - 342 σελίδες
...apply the payment in the first place to the discharge of the interest then due. If the payment exceed the interest, the surplus goes towards discharging...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...

The Speedy Calculator: Being a System of Arithmetic

Benjamin Naylor - 1850
...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 be taken to augment the principal, but interest continues on the former principal...

... An Elementary Arithmetic ... Serving as an Introduction to the Higher ...

George Roberts Perkins - 1850 - 347 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 of interest must not be taken to augment the principal ; but interest continues on the former principal...

An Elementary Arithmetic Designed for Academies and Schools: Also Serving as ...

George Roberts Perkins - 1851 - 347 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 of interest must not IK; taken to augment the principal; but interest continues on the former principal...

A THEORETICAL AND PRACTICAL ARITHMETIC

DANIEL LEACH, WILLIAM D. SWAN - 1851
...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 must not be taken to augment the principal; but interest continues on the former principal until the...

Michigan Reports: Cases Decided in the Supreme Court of Michigan, Τόμος 82

Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - 1891
...When partial payments have been made, apply the payment, in the first place, to the discharging of the interest then due. If the payment exceeds the...the payment be less than the interest, the surplus of interest must not be taken to augment the principal, but the interest continues on the former principal...




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