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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... "
Rainey's Improved Abacus: An Explanatory Treatise on the Theory and Practice ... - Σελίδα 45
των Thomas Rainey - 1849 - 312 σελίδες
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The Speedy Calculator: Being a System of Arithmetic

Benjamin Naylor - 1850 - 334 σελίδες
...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...interest due, and then the surplus is to be applied towards discharging the principal, and interest is to be computed on the balance as aforesaid. 1. $300....

Practical Arithmetic: Uniting the Inductive with the Synthetic Mode of ...

James Bates Thomson - 1850 - 352 σελίδες
...the payments, taken together, exceed the interest due, and then the surplus is to be applied towards discharging the principal ; and interest is to be computed on the balance as aforesaid}"1 Note.— The above rule is adopted by Massachusetts, New York, and the other States of...

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

George Roberts Perkins - 1850 - 356 σελίδες
...interest continues on the former principal until the period when the payments, taken together, equal or exceed the interest due, and then the surplus is to be applied towards discharging the principal , and interest is to be computed on tilt balance, as aforesaid."...

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

George Roberts Perkins - 1851 - 356 σελίδες
...interest, the surplus of interest must not IK; taken to augment the principal; but interest continues on the former principal until the period when the. payments...interest due, and then the surplus is to be applied towards discharging the principal; and interest is to be computed on the balance, as aforesaid." The...

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

Daniel Leach - 1851 - 280 σελίδες
...than the interest, the surplus must not be taken to augment the principal; but interest continues on the former principal until the period when the payments,...interest due, and then the surplus is to be applied towards discharging the principal, and interest is to be computed on the balance, as aforesaid" PROVIDENCE,...

Merchants' Magazine and Commercial Review, Τόμος 27

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

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
...interest, the surplus of interest must not be taken to augment the principal, but the interest continues on the former principal until the period when the payments,...interest due, and then the surplus is to be applied towards discharging the principal, and interest is to be computed on the balance as aforesaid." This...

Stoddard's Practical Arithmetic

John Fair Stoddard - 1852 - 320 σελίδες
...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 t/te surplus is to be applied towards discharging the principal ; and interest is to be computed on...

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

Daniel Leach - 1853 - 622 σελίδες
...than the interest, the surplus must not be taken to augment the principal; but interest continues on the former principal until the period when the payments,...interest due, and then the surplus is to be applied towards discharging the principal, and interest is to be computed on the balance, as aforesaid." $400....

A New Practical and Theoretical Arithmetic: In Which, in Addition to the ...

Horatio Nelson Robinson - 1854 - 306 σελίδες
...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...interest is to be computed on the balance, as aforesaid." Rule 3d, which follows, is one adopted by the Supreme Court of the State of Connecticut, is more explicit...




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