Supreme Court of North Carolina January 15, 1874 (Bratton v. Allison)

■Eeade, J.

The rule for the calculation of the interest is to *499calculate the interest upon the principal for the first year, and set the interest aside. Then calculate the interest upon the principal for the second year just as for the first year, and set that amount aside also. And so on up to the time of the first payment.