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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... "
Higher Arithmetic, Or, the Science and Application of Numbers: Combining the ... - Σελίδα 263
των James Bates Thomson - 1862 - 422 σελίδες
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Merchants' Magazine and Commercial Review, Τόμος 27

1852 - 780 σελίδες
...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...then the surplus is to be applied towards discharging the principal ; and interest is to be computed on the balance of principal, as aforesaid." The mercantile...

Merchants' Magazine and Commercial Review, Τόμος 27

1852 - 780 σελίδες
...principal remaining due. If the payment be less than the interest, the surplus of interest must not bo taken to augment the principal ; but interest continues...then the surplus is to be applied towards discharging the principal ; and interest is to be computed on the balance of principal, as aforesaid." The mercantile...

Stoddard's Practical Arithmetic

John Fair Stoddard - 1852 - 320 σελίδες
...the balance of the principal remaining due. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal...payments taken together exceed the interest due, and then t/te surplus is to be applied towards discharging the principal ; and interest is to be computed on...

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 - 780 σελίδες
...less than the interest, the surplus of interest must not be taken to augment the principal, but the interest continues on the former principal until the...then the surplus is to be applied towards discharging the principal, and interest is to be computed on the balance as aforesaid." This rule was adopted by...

A Theoretical and Practical Arithmetic: Designed for Common Schools and ...

Daniel Leach - 1853 - 622 σελίδες
...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...then the surplus is to be applied towards discharging the principal, and interest is to be computed on the balance, as aforesaid." PROVIDENCE, April 12,...

A Practical and Theoretical Arithmetic: Designed for the Use of Schools and ...

Charles D. Lawrence - 1854 - 336 σελίδες
...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...•then the surplus is to be applied towards discharging the principal ; and interest is computed on the balance, as aforesaid." This rule has been adopted...

A Treatise on Arithmetic ...

Noble Heath - 1855 - 468 σελίδες
...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...then the surplus is to be applied towards discharging the principal, and interest is to be computed on the balance, as aforesaid." NEW TOKK, July 8, 1850....

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

George Roberts Perkins - 1855 - 388 σελίδες
...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...then the surplus is to be applied towards discharging the principal ; and interest is to be computed on the balance, as aforesaid." The above rule has been...

Higher Arithmetic; Or, The Science and Application of Numbers: Combining the ...

James Bates Thomson - 1855 - 436 σελίδες
...remaining due. HI. "If the payment be less than the interest, the surplus of Merest must not be taJcen to augment the principal ; but interest continues...together, exceed the interest due, and then the surplus •tstobe applied towards discharging the principal ; and interest is to fe computed on the balance...

The Merchants', Students' and Clerks' Manual

James Robinson - 1856 - 108 σελίδες
...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...then the surplus is to be applied towards discharging the principal; and the interest is to be computed on the balance, as aforesaid." ' • $1250.00 BOSTON,...




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