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 ?
5, 6 for the condition when k6 >> k-6), as proposed by Olmsted, Hamilton and Nicholson, OHN [29], is adopted for the evaluation of the dimerization rate constant of MV, eq.
Where k 2 is the pseudo second order rate constant, A is pre-exponential factor of the Arrhenius equation, E a is the activation energy of the reaction, R is gas constant (8.
Coefficient c is the specific binding of the reporter ligand, and coefficient d corresponds to the rate constant.
Kim, K, Geringer, J, Pellier, J, Macdonald, DD, "Fretting Corrosion Damage of Total Hip Prosthesis: Friction Coefficient and Damage Rate Constant Approach.
This may indicate that the release of Cu from these soils follows a different mechanism at short times or the apparent rate constant of the equation varies with time.
Rate constant calculation for thermal reactions; methods and applications.
A group of 33 dogs undergoing openchest left anterior descending coronary artery (LAD) ligation causing prolonged ischemia were imaged with quantitative positron emission tomography (PET) using 2-[18F]fluoro-2-deoxy-D-glucose (18FDG) to measure regional glucose metabolic utilization (rGMU) and [11C]acetate to measure regional monoexponential washout rate constant (Kmono) for oxidative metabolism in nonrisk and ischemic-risk myocardium.