constant

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constant

The annual payment required to pay the principal and interest due on a $1 loan for a specified repayment term at a specified interest rate.Before the widespread availability of computers and extremely affordable financial calculators,it was common to use mortgage constant tables to calculate monthly payments. One would refer to the table for the proper loan term, such as 30 years, and then within that table find the loan constant for the anticipated interest rate. See the following example. The constant is the monthly payment on $1. To find out your own monthly payment, you multiply the constant by the number of dollars in your loan, and the answer is what your monthly payments would be.

References in periodicals archive ?
Duggleby, RG, "Pooling and comparing estimates from several experiments of a Michaelis constant for an enzyme", Analytical Biochemistry 1990; 189: 84-87.
In summary, this method is based on the experimental finding that the apparent Michaelis constant values depend on the concentration of the second substrate.
The Michaelis constant (Km) of the enzymes studied in this investigation were determined with Lineweaver-Burk plots of the reciprocals of the initial reaction rate (1/v) versus substrate concentration (1/Cs).