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" ... apply the payment, in the first place, to the discharge of the interest then due. 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... "
Higher Arithmetic: Designed for the Use of High Schools, Academies, and ... - Σελίδα 132
των George Roberts Perkins - 1851 - 342 σελίδες
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The North American Review, Τόμος 49

Jared Sparks, Edward Everett, James Russell Lowell, Henry Cabot Lodge - 1839 - 572 σελίδες
...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...until the period when the payments, taken together, exceed the interest due, and then the surplus is to be applied towards discharging the principal ;...

The North American Arithmetic: For Advanced Scholars. part third

Frederick Emerson - 1839 - 300 σελίδες
...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...until the period when the payments, taken together, exceed the interest due, and then the surplus is to be applied towards discharging the principal; and...

The North American Review, Τόμος 49

Jared Sparks, Edward Everett, James Russell Lowell, Henry Cabot Lodge - 1839 - 536 σελίδες
...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...until the period when the payments, taken together, exceed the interest due, and then the surplus is to be applied towards discharging the principal ;...

The North American Arithmetic: Part Third, for Advanced Scholars

Frederick Emerson - 1839 - 300 σελίδες
...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 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
...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 mu.it not be taken to augment the principal; but interest continues on the former principal until the...

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

George Roberts Perkins - 1841 - 274 σελίδες
...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...until the period when the payments, taken together, exceed the interest due, and then the surplus is to be applied towards discharging the principal; and...

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

William Ruger - 1841 - 268 σελίδες
...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...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...

A Treatise on the Civil Jurisdiction of Justices of the Peace in ..., Μέρος 2

Esek Cowen - 1841 - 698 σελίδες
...§9, 10;andvid. id. 51. ant«, 194, 262, 3. (p) 2 John. 235. 17 id.511. (j) 3 Cowen, 86, 87.(note.) less than the interest, the surplus of interest must...until the period when the payments, taken together, exceed the interest due, and then the surplus is to be applied towards discharging the principal ;...

Arithmetic: As Taught in the Troy Episcopal Institute

W. F. Walker - 1841 - 246 σελίδες
...towards discharging the principal, and the subsequent interest is to be computed on th& balance of principal remaining due. If the payment be less than...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
...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...




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