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" The rule for casting interest, when partial payments have been made, is to apply the payment, in the first place, to the discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the... "
Ruger's Arithmetick, with Questions and Answers: A New System of Arithmetick ... - Σελίδα 150
των William Ruger - 1841 - 263 σελίδες
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The North American Review, Τόμος 49

Jared Sparks, Edward Everett, James Russell Lowell, Henry Cabot Lodge - 1839 - 572 σελίδες
...then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the...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 North American Review, Τόμος 49

Jared Sparks, Edward Everett, James Russell Lowell, Henry Cabot Lodge - 1839 - 536 σελίδες
...then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the...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 North American Arithmetic: For Advanced Scholars. part third

Frederick Emerson - 1839 - 300 σελίδες
...then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the...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 North American Arithmetic: Part Third, for Advanced Scholars

Frederick Emerson - 1839 - 300 σελίδες
...then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the...be less than the interest, the surplus of interest muat not be taken to augment the principal; but interest continues on the former principal until the...

The North American Arithmetic: part third

Frederick Emerson - 1840 - 302 σελίδες
...then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the...be less than the interest, the surplus of interest mu.it not be taken to augment the principal; but interest continues on the former principal until the...

An Arithmetical Guide: In which the Principles of Numbers are Inductively ...

Richard W. Green - 1840 - 300 σελίδες
...then due. 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. But, if the payment be less than the interest, the interest must continue on the former principal,...

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

George Roberts Perkins - 1841 - 274 σελίδες
...then due. If the payment exceed the in. lerest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the...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...

Arithmetic: As Taught in the Troy Episcopal Institute

W. F. Walker - 1841 - 246 σελίδες
...surplus goes towards discharging the principal, and the subsequent interest is to be computed on th& balance of principal remaining due. If the payment...taken to augment the principal; but interest continues ons the former principal, until the period when the payments taken together exceed the interest due,...

A Treatise on the Civil Jurisdiction of Justices of the Peace in ..., Μέρος 2

Esek Cowen - 1841 - 698 σελίδες
...then due. 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 (o) 7 Wen. 109,112. 11 id. 477. 20 (r) 1 RS 761, §9, 10;andvid. id. 51. ant«, 194, 262, 3. (p) 2...

A Treatise on the Law of Usury ; to which are Added, the Statutes of the ...

Jeremiah W. Blydenburgh - 1844 - 364 σελίδες
...then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the...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...




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