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 ?
El relato invariable (independencia, mito y nacion) nos abre el portal del candente debate historico, que obliga a despojarnos de una narrativa mistica, nacionalista y ausente de analisis.
The evil invariable reflects the changes actually undergone by the society and its value transformations.
As a science, economics seeks understanding of invariable principles; politics is ephemeral, its subject matter being the day-to-day relations of associated men.
inside my mind in the invariable infinity of variant neurons,
Dispensing beads or dots of any kind of fluid is impossible to control manually and if it isn't automated, the assembly process will invariable be compromised, causing rejects, rework, and the inevitable product degradation.
The Tribunal decided that the mother should receive a full shelter allowance for the children, because shelter is an invariable cost, to be paid of regardless where the children are in any week.
Having said this, however, the reduction in lung volume is variable and not invariable.
On the occasions they acknowledged our requests, the invariable answers were that they were not given sufficient time to produce them by the GPO.
And," adds Masood, "customers abroad invariable invited my children to visit their homes and play with their children.
Due to the nature of the simplified method calculations, they assume an invariable business flow and disregard the make-up of inventory at year-end.
In Chapter 5, Weedon deals with practical considerations and offers a cautionary perspective on environmental cyclicity, its invariable distortion in real stratigraphic records, and limitations on the interpretation of such cyclic signatures.
Coverage includes the methods of Poincare, Liapounov, Lichtenstein, and Wavre; invariable or varying figures, zonal rotation, systems composed of fluid and rigid parts, fluid mass and centers of attraction, and figures of compressible masses.