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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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Rainey's Improved Abacus: An Explanatory Treatise on the Theory and Practice ...

Thomas Rainey - 1849 - 320 σελίδες
...; and the subsequent interest is to be computed on the balance of the principal remaining due. III. "If the payment be less than the interest, the surplus...to augment the principal ; but interest continues en the former principal until the period when the payments, taken together, exceed the interest due,...

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

George Roberts Perkins - 1850 - 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...

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

George Roberts Perkins - 1851 - 356 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...than the interest, the surplus of interest must not IK; taken to augment the principal; but interest continues on the former principal until the period...

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

Daniel Leach - 1851 - 280 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 must not be taken to augment the principal; but interest continues on the former principal until the...

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
...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...interest must not be taken to augment the principal, but the interest continues on the former principal until the period when the payments, taken together,...

Merchants' Magazine and Commercial Review, Τόμος 27

1852 - 780 σελίδες
...interest, the surplus goes toward discharging the principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the...than the interest, the surplus of interest must not bo taken to augment the principal ; but interest continues on the former principal until the period...

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

Daniel Leach - 1853 - 622 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 must not be taken to augment the principal; but interest continues on the former principal until the...

The North American Arithmetic: Part Third, for Advanced Scholars

Frederick Emerson - 1834 - 340 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...but interest continues on the former principal until 4he period when the payments, taken together, exceed the interest due, and then the surplus is to be...

Digest of the Laws of California: Containing All Laws of a General Character ...

William H. R. Wood - 1857 - 834 σελίδες
...principal, and the subsequent interest is to be computed on the balance of the principal remaining. If the payment be less than the interest, the surplus...payments taken together exceed the interest due." Backus v. Minor, 3 Cal. '¿31. 6. Where an account has been stated by plaintiff, charging Interest...

The Common-school Arithmetic: Designed for Learners of Every Class; and ...

Pliny Earle Chase - 1857 - 338 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 of the interest must not be taken to augment the principal ; but interest continues on the former principal...




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