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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... "
The Progressive Higher Arithmetic: For Schools, Academies, and Mercantile ... - Σελίδα 314
των Horatio Nelson Robinson - 1868 - 456 σελίδες
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A Treatise on the Civil Jurisdiction of Justices of the Peace in ..., Μέρος 2

Esek Cowen - 1841 - 698 σελίδες
...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...be applied towards discharging the principal ; and interest is to be computed on the balance of the principal as aforesaid.' 1 John. Ch. R. 17, 18. 2...

Arithmetic: As Taught in the Troy Episcopal Institute

W. F. Walker - 1841 - 246 σελίδες
...interest, the surplus of interest must not be taken to augment the principal; but interest continues ons the former principal, until the period when the payments...be applied towards discharging the principal ; and interest is to be computed on the balance, as aforesaid'." 2. Illustration. A note was given February...

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

William Ruger - 1841 - 268 σελίδες
...the principal, but interest continues on the former principal until the period When the pSynlents, taken together, exceed the interest due, and then...be applied towards discharging the principal ; and interest is to be computed on the balance ol principal as aforesaid." (Johnson,s Chancery Reports,...

A Treatise on the Law of Usury ; to which are Added, the Statutes of the ...

Jeremiah W. Blydenburgh - 1844 - 364 σελίδες
...less than the interest, the surplus interest must not be added to the principal ; but the interest continues on the former principal, until the period...towards discharging the principal, and the interest afterwards computed on the balance of principal. State of Connecticut v. Jackson, 1J. CR 13. SP Stoughton...

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

Horatio Nelson Robinson - 1845 - 310 σελίδες
...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...interest due, and then the surplus is to be applied toward discharging^the principal ; and interest is to be computed on the balance, as aforesaid." Rule...

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

James Bates Thomson - 1846 - 354 σελίδες
...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...be applied towards discharging the principal ; and interest is to be computed on the balance, as aforesaid)' Note. — The above rule is adopted by Massachusetts,...

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

James Bates Thomson - 1846 - 402 σελίδες
...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...be applied towards discharging the principal ; and interest is to be computed on the balance, as aforesaid." Note. — The above rule is adopted by Massachusetts,...

An Elementary Arithmetic ...: Serving as an Introduction to the Higher ...

George Roberts Perkins - 1846 - 266 σελίδες
...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...be applied towards discharging the principal ; and interest is to be computed on the balance, as aforesaid. By whom was the above rule given ? You first...

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

James Bates Thomson - 1846 - 362 σελίδες
...taken to augment the principal ; but interest continues on the former principal until the period lehen the payments, taken together, exceed the interest...be applied towards discharging the principal; and interest is to be computed on the balance as aforesaid." Note. — The above rule is adopted by Massachusetts,...

The North American Arithmetic: Part Third, for Advanced Scholars

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




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