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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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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...continues on the former principal until the period wJien the payments, taken together, exceed the interest due, and then tJte surplus is to be applied...

A New Complete Arithmetic: Uniting Oral and Written Exercises

Emerson Elbridge White - 1883 - 374 σελίδες
...interest, the surplus goes toward discharging the principal, and the subsequeitt interest is to be computed on the balance of principal remaining due. If the...continues on the, former principal until the period ivhen the payments, taken together, exceed the interest due, and then the surplus is to be applied...

A New Complete Arithmetic: Uniting Oral and Written Exercises

Emerson Elbridge White - 1883 - 370 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...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
...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 betaken to augment the principal; but interest continues on the former principal until the period when...

The Pacific Reporter, Τόμος 25

1891 - 1158 σελίδες
...interest, the surplus goes towads discharging the principal, and the subsequent interest is to be computed on the balance of principal remaining due; if the...the period when the payments, taken together, exceed theinterest due, and the surplus is to be applied towards discharging the principal, and interest is...

The Codes and Statutes of California, as Amended and in Force at the Close ...

California - 1886 - 758 σελίδες
...of the principal remaining. If the payment be lees than the interest, the surplus of interest most not be taken to augment the principal, but interest...payments taken together exceed the interest due." It seemed, however, from the evidence that a different mode of computing interest was common among...

How to Become Quick at Figures: Comprising the Shortest, Quickest, and Best ...

D. M. Garret - 1886 - 202 σελίδες
...than the interest, the surplus of the interest must not be taken to augment the principal ; but the interest continues on the former principal until the period when the payments exceed the interest due, and then the surplus is to be applied towards discharging the principal, and...

The New Practical Arithmetic

Waite A. Schoemaker - 1887 - 454 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...continues on the former principal until the period 1rhen the payments, tal•en together, exceed the interest due, and then the surplus is to be applied...

Reports of Cases Determined in the Supreme Court of the State of ..., Τόμος 3

California. Supreme Court - 1888 - 568 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." It seems, however, from the evidence, that a different mode of computing interest is common among merchants....

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...on the former principal until the period when the payment*, taken together, exceed the interest due; and then the surplus is to be applied towards discharging...




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