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 ?
Since they're in space, a place where no air molecules exist, stars appear to constantly shine when they look at them.
Of 1,866 late middle-aged adults at baseline, almost half belonged to the constantly public group.
Prosecutors accused the mother, two sisters and a brother of locking the student up and constantly beating her.
The 13-year-old testified to prosecutors that the suspect had constantly groped her and sexually abused her during his visits to their house.
Melbourne [Australia], September 4 ( ANI ): If you are one of those parents, who constantly worry about your toddlers using mobile phones constantly, then we have an important news for you.
I know I am driven by solving problems, so I constantly challenge myself.
Lizz Robinson said: "Money making or safety justification, if people didn't constantly speed, then there wouldn't be the need for them.
Have you needed to constantly self-examine and diagnose?
" How often are we, or others, guilty ofHe emphasised that enjoying human company is more worthwhile than repeatedly looking at a phone and called on people to alter their behaviour or risk suffering constantly checking our phones for emails and texts?
His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa also sent a congratulatory cable to the Custodian of the Two Holy Mosques, in which he praised the constantly growing, brotherly relations between the two brotherly countries.
I must admit that this is one area that I constantly have to work on.
Constantly smiling waitresses clad in identical floral dresses attend to the primarily Asian clientele.