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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 Practical and Theoretical Arithmetic: Designed for the Use of Schools and ...

Charles D. Lawrence - 1854 - 336 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 computed on the balance, as aforesaid." This rule has been adopted by Massachusetts, New...

A Treatise on Arithmetic ...

Noble Heath - 1855 - 468 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." NEW TOKK, July 8, 1850. For value received,...

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

George Roberts Perkins - 1855 - 388 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." The above rule has been adopted by New York,...

The Merchants', Students' and Clerks' Manual

James Robinson - 1856 - 108 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 is to be computed on the balance, as aforesaid." ' • $1250.00 BOSTON, JAN. 1..1855. For value received, I promise to pay William Briggs, or order,...

A Treatise on Arithmetic: Through which the Entire Science Can be Most ...

Noble Heath - 1856 - 472 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." NEW TOTIK, July 8, 1850. For value received,...

The American Philosophical Arithmetic: Designed for the Use of Advanced ...

John Fair Stoddard - 1856 - 312 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." $860. BETHANY, Sept. 8th, 1850. [1.] On demand,...

The North American Arithmetic: Part Third, for Advanced Scholars

Frederick Emerson - 1834 - 340 σελίδες
...must not be taken to augment the principal; but interest continues on the former principal until 4he period when the payments, taken together, exceed the...be applied towards discharging the principal; and interest is to be computed on the balance, as aforesaid." The interest on the following notes, must...

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

Pliny Earle Chase - 1857 - 338 σελίδες
...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...be applied towards discharging the principal, and interest is to be computed on the balance as aforesaid." Interest is generally considered as payable...

A Theoretical and Practical Arithmetic ...

Daniel Leach - 1857 - 314 σελίδες
...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 period...exceed the interest due, and then the surplus is to be dpplied towards discharging the principal, and interest is to be computed on the^alance, as aforesaid."...

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

William H. R. Wood - 1857 - 834 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." Backus v. Minor, 3 Cal. '¿31. 6. Where an account has been stated by plaintiff, charging Interest...




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