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 ?
'Yes,' replied he, slightly averting his face: 'I thought it but civil to take the first opportunity of returning their kind attentions, since they have been so very particular and constant in their inquiries throughout the whole course of my illness.'
But as the variability of the extraordinarily-developed part or organ has been so great and long-continued within a period not excessively remote, we might, as a general rule, expect still to find more variability in such parts than in other parts of the organisation, which have remained for a much longer period nearly constant. And this, I am convinced, is the case.
It would be almost superfluous to adduce evidence in support of the above statement, that specific characters are more variable than generic; but I have repeatedly noticed in works on natural history, that when an author has remarked with surprise that some important organ or part, which is generally very constant throughout large groups of species, has differed considerably in closely-allied species, that it has, also, been variable in the individuals of some of the species.
On the other hand, the points in which species differ from other species of the same genus, are called specific characters; and as these specific characters have varied and come to differ within the period of the branching off of the species from a common progenitor, it is probable that they should still often be in some degree variable,--at least more variable than those parts of the organisation which have for a very long period remained constant.
The cause of the original variability of secondary sexual characters is not manifest; but we can see why these characters should not have been rendered as constant and uniform as other parts of the organisation; for secondary sexual characters have been accumulated by sexual selection, which is less rigid in its action than ordinary selection, as it does not entail death, but only gives fewer offspring to the less favoured males.
Because in such a wilderness of running rigging, whose various different relations aloft cannot always be infallibly discerned by what is seen of them at the deck; and when the deck-ends of these ropes are being every few minutes cast down from the fastenings, it would be but a natural fatality, if, unprovided with a constant watchman, the hoisted sailor should by some carelessness of the crew be cast adrift and fall all swooping to the sea.
The Reader will probably understand from these two instances how -- after a very long training supplemented by constant experience -- it is possible for the well-educated classes among us to discriminate with fair accuracy between the middle and lowest orders, by the sense of sight.
The doors were in constant banging, the stairs were never at rest, nothing was done without a clatter, nobody sat still, and nobody could command attention when they spoke.
Along with the kilogram, Ampere, Kelvin, and mole were also redefined are now officially linked to constants of nature.
Soon, they will use fundamental constants of nature--unchanging numbers such as the speed of light, the charge of an electron and the quantum mechanical Planck constant--to calibrate their rulers, scales and thermometers.