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" The remainder will form a new principal, upon which interest is to be cast to the time of the next payment. "
A Key to Chase's Common School Arithmetic: With Explanations and Remarks ... - Page 44
by Admiral Paschel Stone - 1853
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A Practical Treatise on Arithmetic: Wherein Every Principle Taught is ...

George Leonard (Jr.) - Arithmetic - 1839 - 362 pages
...is plain, We must make the amount at the end of each time of payment a new principal, on which the interest is to be cast to the time of the next payment, and finally the first principal is to be subtracted from the last amount. 1. Suppose I give a note,...
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