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" 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 due. If the payment be less than the interest, the surplus of interest must not... "
A Practical and Theoretical System of Arithmetic: Containing Several New ... - Seite 124
von George Willson - 1836 - 192 Seiten
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An Historical Treatise on the Practice of the Court of Chancery of the State ...

Dominick T. Blake - 1818 - 650 Seiten
...the principal, and compute interest upon the balance of principal remaining due, to the next payment. If the payment be less than the interest, the surplus...the principal ; but interest continues on the former principal, until the period when the payments taken together exceed the interest due, and then the...
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1832 - 532 Seiten
...inthe surplus goes t .wards discharging the principal, anJ the Subsequent interest is to be computed on the balance of principal remaining due. 'If the payment...to augment the principal ; but interest continues en the former principal until the period when the payments, taken together, exceed the interest due....
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1822 - 532 Seiten
...the surplus goes towards discharging the principal, aud the subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the MMplus of interest must not be taken to augment the principal ; but interest continues on the former...
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1822 - 532 Seiten
...surplus goes to wan!? discharging the principal . and the subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than tin- interest, the surplus of interest must not be taken to augment the principal; but interest continues...
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Reports of Cases Adjudged in the Court of Chancery of New-York ..., Band 7

New York (State). Court of Chancery, William Johnson - 1824
...the surplus goes 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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Cobb's Explanatory Arithmetick, Number Two: Containing the Compound Rules ...

Lyman Cobb - 1832 - 216 Seiten
...the surplus goes toward discharging the principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment...the principal ; but interest continues on the former principal until the period when the payments, taken together, exceed the interest due ; and then the...
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1832 - 528 Seiten
...the surplus goes toward discharging the principal, and the subsequent isterest is to be computed on the balance of principal remaining due. If the payment...the principal ; but interest continues on the former principal until the period when the payments, taken together, exceed the interest due, and then the...
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A New System of Arithmetick: In which the Rules are Familiarly Demonstrated ...

William Ruger - 1832 - 263 Seiten
...the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment...the principal, but Interest continues on the former principal until the period when the payments, taken together, exceed the Interest due, and then the...
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1832 - 528 Seiten
...the surplus goes toward 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 imprest, the surplus of interest must not betaken to augment the principal; but interest continues...
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Every Man His Own Teacher: Being an Introduction to Arithmetic, Whereby ...

John Preston - 1834 - 297 Seiten
...the surplus goes towards discharging the principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment...the principal ; but interest continues on the former principal until the period when the payments, taken together, exceed the interest due, and then the...
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