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... New Practical Arithmetic - Page 313by Eugene L. Dubbs - 1901 - 440 pagesFull view - About this book
| Dominick T. Blake - Equity pleading and procedure - 1818 - 650 pages
...compute interest upon the balance of principal remaining due, to the next payment. If the payment be **less than the interest, the surplus of interest must...interest due, and then the surplus is to be applied** towards discharging the principal ; and interest is to be computed on the balance of principal as aforesaid.... | |
| Nicolas Pike - Arithmetic - 1822 - 532 pages
...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...interest due. and then the surplus is to be applied** towards discharging the principal ; and interest is to be computed on the balance of principal as albresaid."... | |
| Nicolas Pike - Arithmetic - 1832 - 532 pages
...interest, the surplus of interest must not be taken to augment the principal ; but interest continues en **the former principal until the period when the payments,...together, exceed the interest due. and then the surplus is** W be applied towards discharging the principal ; and interest is to be computed on the balance of principal... | |
| Nicolas Pike - Arithmetic - 1822 - 532 pages
...taken to augment the principal; but interest continues on the former principal until the period whett **the payments, taken together, exceed the interest due, and then the surplus is to be applied** towards discharging the principal ; and interest is to be computed on the balance of principal as aforesaid."... | |
| Murray Hoffman - Equity pleading and procedure - 1824 - 437 pages
...IB-IS than the interest, the surplus interest. must not be taken to augment the principal, but the **interest continues on the former principal, until...interest due ; and then the surplus is to be applied** towards discharging the principal. In Stoughton v. Lynch, the subject was brought before him 2 johni.... | |
| William Johnson - Equity - 1824
...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...interest due. and then the surplus is to be applied** towards discharging the principal, and the interest afterwards computed on the balance of principal.... | |
| William Ruger - Arithmetic - 1832 - 263 pages
...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...Interest due, and then the surplus is to be applied** towards discharging the principal; and Interest is to be computed on the balance of principal as aforesaid."... | |
| John Preston - Arithmetic - 1834 - 297 pages
...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...interest due, and then the surplus is to be applied** towards discharging the principal ; and interestjs to be computed on the balance of principal as aforesaid."... | |
| Frederick Emerson - Arithmetic - 1834 - 288 pages
...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...interest due, and then the surplus is to be applied** towards discharging the principal; and interest is to be Computed on the balance, as aforesaid." The... | |
| Lyman Cobb - Arithmetic - 1836 - 216 pages
...subsequent interest is to be compiled on the balance of principal remaining due. If the payment be **less than the interest, the surplus of interest must...the surplus is to be applied toward discharging the** princ:;"-,'. inrt interest is to be computed on the balance of principal as aforesaid." The following... | |
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