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 classic literature ?
The invariable ending, for Simon Nishikanta, would be what sailors name "the sea-grouch.
Far purer, he replied, is the being of that which is concerned with the invariable.
And does the essence of the invariable partake of knowledge in the same degree as of essence?
In order to obtain invariable physical laws, we have to proceed to differential equations, showing the direction of change at each moment, not the integral change after a finite interval, however short.
And as the French say of the Duke of Wellington, who never suffered a defeat, that only an astonishing series of lucky accidents enabled him to be an invariable winner; yet even they allow that he cheated at Waterloo, and was enabled to win the last great trick: so it was hinted at headquarters in England that some foul play must have taken place in order to account for the continuous successes of Colonel Crawley.
Her invariable and favorite pursuit, when they met, consisted in making fun of him.
What vile object he has in view I cannot still discover, but be the design what it may, invariable politeness towards myself, invariable humility towards Laura, and invariable suppression (at any cost) of Sir Percival's clumsy violence, have been the means he has resolutely and impenetrably used to get to his end ever since he set foot in this house.
But in everything I have written there is always one invariable intention, and that is to capture the reader's attention, by securing his interest and enlisting his sympathies for the matter in hand, whatever it may be, within the limits of the visible world and within the boundaries of human emotions.
Although I do not mean to assert that it is usually the practice of renowned and learned sages, to shorten the road to any great conclusion (their course indeed being rather to lengthen the distance, by various circumlocations and discursive staggerings, like unto those in which drunken men under the pressure of a too mighty flow of ideas, are prone to indulge); still, I do mean to say, and do say distinctly, that it is the invariable practice of many mighty philosophers, in carrying out their theories, to evince great wisdom and foresight in providing against every possible contingency which can be supposed at all likely to affect themselves.
And it is an invariable Government policy", said Arseniy Yatsenyuk.
Al Tayer commended Dubai policement for their efforts while working on Dubai Tram, and their invariable presence at site during different circumstances, and testing climatic conditions.
The iconic store was built representing the invariable ingenuity of Pasquale Natuzzi.