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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 Office and Duties of Masters in Chancery and Practice in the Master's ... - Σελίδα 91
των Murray Hoffman - 1824 - 437 σελίδες
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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...is to be applied towards discharging the principal ; and interest is to be computed on the balance, as aforesaid'." 2. Illustration. A note was given...

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...is to 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
...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...is to be applied towards discharging the principal, and the interest afterwards computed on the balance of principal. State of Connecticut v. Jackson,...

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

Horatio Nelson Robinson - 1845 - 310 σελίδες
...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...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
...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...is to be applied towards discharging the principal ; and interest is to be computed on the balance, as aforesaid)' Note. — The above rule is adopted...

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

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

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

George Roberts Perkins - 1846 - 266 σελίδες
...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...to . 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...

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...is to be applied towards discharging the principal; and interest is to be computed on the balance as aforesaid." Note. — The above rule is adopted by...

The North American Arithmetic: Part Third, for Advanced Scholars

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

The Prussian Calculator: By which All Business Calculations are Performed by ...

Isaac A. Clark - 1846 - 204 σελίδες
...payment be leas t han the interest, the surplus interest must not be taken to augment the principal; but interest continues on the former principal until the...when the payments taken together exceed the interest then di.e, and then the surplus goes towards discharging the debt. The interest is computed on the...




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