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 ?
In the succeeding chapters, the significance of constancy in Austen's fictional world is treated in relation to a wide range of issues of concern and controversy in the early nineteenth century, when romantic individualism had further disrupted the classical and Christian worldview already shaken by the radical Enlightenment.
Brainard, "Mechanisms of Color Constancy under Nearly Natural Viewing," Proc.
The first conclusion, constancy assumption, and the second one, functional equivalence assumption, collectively are called the Principle of Relative Constancy (PRC).
an athlete's general belief in his/her ability to achieve his/her goals and that he/she is different and better than his/her opponent in challenging and pressured situations), constancy (i.
Shah Farman said initially one thousand olive plants would be grown in each union council of his constancy PK-10 and if the scheme became successful, 100,000 olive plants would be grown in each union council of his constituency.
Over the course of the play, Sylvia becomes increasingly important to an understanding of Brandon's interpretation of constancy.
Pity the same constancy has been missing for so long from weather forecasting.
And blue is thought to be lucky because the colour represents fidelity and constancy.
The association of homeownership with an individual's thrift and constancy led to associations of homeownership with job stability and adulthood.
You failed Kian and his parents by not providing that constancy of supervision.
1979) demonstrated the presence of shape constancy, an important component of stable object recognition.