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" If the payment be less than the interest, the surplus of the 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... "
Cobb's Explantory Arithmetick, Number Two: Containing the Compound Rules ... - Σελίδα 160
των Lyman Cobb - 1836 - 216 σελίδες
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The North American Arithmetic: Part Third, for Advanced Scholars

Frederick Emerson - 1839 - 300 σελίδες
...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...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
...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...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...

Ruger's Arithmetick, with Questions and Answers: A New System of Arithmetick ...

William Ruger - 1841 - 268 σελίδες
...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...on the former principal until the period When the pSynlents, 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 Law of Usury ; to which are Added, the Statutes of the ...

Jeremiah W. Blydenburgh - 1844 - 364 σελίδες
...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 interest must not be added to the principal ; but the interest continues on the former principal, until...

The North American Arithmetic: Part Third, for Advanced Scholars

Frederick Emerson - 1846 - 318 σελίδες
...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...payments, taken together, exceed ^ the interest due, unit then the surplus is to be appliedfowards discharging the principal; and interest is to be computed...

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

James Bates Thomson - 1846 - 362 σελίδες
...principal, and the subsequent interest is to be computed on the balance of principal remaining due. III. " If the payment be less than the interest, the surplus...continues on the former principal until the period lehen the payments, taken together, exceed the interest due, and then the surplus is to be applied...

The Prussian Calculator: By which All Business Calculations are Performed by ...

Isaac A. Clark - 1846 - 204 σελίδες
...the balance of the principal remaining due. If the payment be leas t han the interest, the surplus interest must not be taken to augment the principal;...when the payments taken together exceed the interest then di.e, and then the surplus goes towards discharging the debt. The interest is computed on the...

The Prussian Calculator: By which All Business Calculations are Performed by ...

Isaac A. Clark - 1846 - 218 σελίδες
...towards discharging the principal, and the subsequent interest is to be computed on the balance of the principal remaining due. If the payment be less than the interest, the surplus 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 - 356 σελίδες
...towards discharging the principal, and the subsequent interest is to be computed on the balance of the principal remaining due. If the payment be less than...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...




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