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 ?
As the constant term in the quadratic equation becomes even larger, the parabola is shifted higher still and the two complex solutions spread further and further apart.
Note that the results are the same as what we found using the chart functionality: The slope coefficient (b), the estimated constant term (a), and the calculated Rsquared value are all exactly the same.
Each member in AGKTP [4] needs to restore the constant term of the polynomial [f.
Also it can be seen from Figure 5(b) that in the evaluation of the elements of K matrix, if we are considering odd number of leading terms, the next leading term does not speed up the convergence so much, because even leading terms do not have constant terms but only sinusoidal function, which have a much smaller contribution to the matrix elements than the constant terms and will therefore not significantly affect their convergence.
k] [right arrow] R with no constant term that is positive on all of [P.
Some examples of negative-valued covariates include demeaned data (often age and age squared) to make the constant term more meaningful (Norton 1995; Norton et al.
n](N) as constant term extractions in suitable rational expressions.
In fact, three versions of the ADF test were performed to formally test for stationarity of the price, inflation and interest differentials and to decide which deterministic components need to be included: a constant term and/or a trend in the regression (see Table 1).
Within the context of a Taylor-type policy rule, a switch in the measure of inflation is likely to affect the policy rule mainly by altering the constant term of the policy rule if the switch leads to a different inflation target expressed in a new inflation measure.
Indeed, assume 0 [member of] D(z) and we need to evaluate the constant term.
The signal (in this case a pressure) will now be restricted in the tube and the capacitance of the receiver will add a time constant term to the response equation (remember the transmitter will also have a response time,).
A constant term was included in all models to account for deaths not explained by the seasonal variation in laboratory reports.

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