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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 ?
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.
Lizz Robinson said: "Money making or safety justification, if people didn't constantly speed, then there wouldn't be the need for them.
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?
I think what I loved about making the movie was that you were constantly using your mind, you were constantly having to think about what the audience was thinking about and, at the same time, keep your character involved in the scenario that he was involved in," said Gyllenhaal.
In water plants, however, leaf pores are constantly open, since there is no danger of dehydration.
It consists of subjecting a test specimen to a constant tensile stress at a constantly rising temperature.
It's constantly pushing us to develop the business.
Whether in the seated floor work, standing adagio studies, or phrases that quickly go across the studio floor, he developed exercises that allowed the pelvis and the spine to be constantly mobile.
Answering these questions for the student, we point out that artists nurture their talent through practice, constantly searching for the ideal sound, ease of playing and fine-tuned reading and listening skills.
A new study indicates that these cells, which researchers previously had thought were quiescent in life's less-stressful moments, are constantly sweeping their surroundings for signs of danger.
WHY is it that Liverpool is constantly being downsized?
Inside Centcom's HQ, the buzzwords of the hour are "sense and respond" and "oodaloop," which means constantly reassessing tactics.