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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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Ray's New Higher Arithmetic: A Revised Edition of the Higher Arithmetic

Joseph Ray - 1880 - 420 σελίδες
...interest is to be computed on the balance of principal remaining due. 3. "If the payment be less tlian the interest, the surplus of interest must not be...taken to augment the principal; but interest continues on the former principal until the period wJien the payments, taken together, exceed the interest due,...

A New Complete Arithmetic: Uniting Oral and Written Exercises

Emerson Elbridge White - 1883 - 370 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...not be taken to augment the principal, but interest continuen on the former principal until the period when the payments, taken together, exceed the interest...

The Northwestern Reporter, Τόμος 15

1883 - 994 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...than the interest, the surplus of interest must not betaken to augment the principal; but interest continues on the former principal until the period when...

The Pacific Reporter, Τόμος 25

1891 - 1158 σελίδες
...surplus goes towads 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 theinterest due,...

The Pacific Reporter, Τόμος 165

1917 - 1232 σελίδες
...goes towards discharging the principal, and the subsequent interest is to ing due. If the payment is less than the interest, the surplus of interest must...to augment the principal : but interest continues on the former principal until the period when the payments, taken together, exceed the interest due....

The New Practical Arithmetic

Waite A. Schoemaker - 1887 - 454 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...taken to augment the principal; but interest continues on the former principal until the period 1rhen the payments, tal•en together, exceed the interest...

City Court Reports: Containing Decisions of the Marine Court of the ..., Τόμος 2

New York (State). Marine Court (New York), Daniel T. Robertson, Edward Jacobs - 1889 - 484 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...taken to augment the principal; but interest continues on the former principal until the period when the payments, taken together, exceed the interest due,...

Practical Single and Double Entry Book-keeping: Commercial Calculations ...

Thomas A. Rice - 1889 - 364 σελίδες
...computed on the balance of principal remaining due. 3. If the payment be less than the interest then due, 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,...

Rights, Remedies, and Practice, at Law, in Equity, and Under the ..., Τόμος 5

John Davison Lawson - 1890 - 944 σελίδες
...subsequent interest is to be computed on the balance of the principal remaining due. If the payments be less than the interest, the surplus of interest...taken to augment the principal; but interest continues on the former principal until the period when the payment*, taken together, exceed the interest due;...

Tiffany's Digest of Depreciations, with the Addition of Numerous Tables ...

Henry Stanton Tiffany - 1890 - 96 σελίδες
...subsequent interest is to be computed on the balance of the principal remaining due. If the payment is less than the interest, the surplus of interest must...taken to augment the principal; but interest continues on former principal until the period when the payments, taken together, exceed the interest due, and...




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