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" ... apply the payment, in the first place, to the discharge of the interest then due. 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... "
Higher Arithmetic: Designed for the Use of High Schools, Academies, and ... - Página 134
por George Roberts Perkins - 1849 - 342 páginas
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An Historical Treatise on the Practice of the Court of Chancery of the State ...

Dominick T. Blake - 1818 - 706 páginas
...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...until the period when the payments taken together exceed the interest due, and then the surplus is to be applied towards discharging the principal ;...
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1832 - 538 páginas
...t .wards discharging the principal, anJ the Subsequent interest is to be computed on the balance of principal remaining due. 'If the payment be less than...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 - 562 páginas
...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...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...
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1822 - 536 páginas
...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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The Office and Duties of Masters in Chancery and Practice in the Master's ...

Murray Hoffman - 1824 - 472 páginas
...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 the period when the payments taken together exceed the interest due ; and then the surplus is to be applied towards discharging the principal....
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Reports of Cases Adjudged in the Court of Chancery of New-York ..., Volumen7

New York (State). Court of Chancery, William Johnson - 1824 - 748 páginas
...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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A New System of Arithmetick: In which the Rules are Familiarly Demonstrated ...

William Ruger - 1832 - 282 páginas
...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...until the period when the payments, taken together, exceed the Interest due, and then the surplus is to be applied towards discharging the principal; and...
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1832 - 540 páginas
...goes toward discharging the principal, and the subsequent isterest is to be computed on the balance of principal remaining due. If the payment be less than...until the period when the payments, taken together, exceed the interest due, and then the surplus is to be applied toward discharging the principal ; and...
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Cobb's Explanatory Arithmetick, Number Two: Containing the Compound Rules ...

Lyman Cobb - 1832 - 228 páginas
...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...until the period when the payments, taken together, exceed the interest due ; and then the surplus is to be applied toward discharging the principal, and...
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A New and Complete System of Arithmetick: Composed for the Use of the ...

Nicolas Pike - 1832 - 544 páginas
...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 on...until the period when the payments, taken together, exceed the interest due, and then the surplus is to be applied toward discharging the principal ; and...
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