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An amortization calculator is used to determine the periodic payment amount due on a loan (typically a mortgage), based on the amortization process.. The amortization repayment model factors varying amounts of both interest and principal into every installment, though the total amount of each payment is the same.
The Chudnovsky algorithm is a fast method for calculating the digits of π, based on Ramanujan's π formulae.Published by the Chudnovsky brothers in 1988, [1] it was used to calculate π to a billion decimal places.
Mortgage calculators are automated tools that enable users to determine the financial implications of changes in one or more variables in a mortgage financing arrangement. Mortgage calculators are used by consumers to determine monthly repayments, and by mortgage providers to determine the financial suitability of a home loan applicant. [ 2 ]
Made use of a desk calculator [24] 620: 1947 Ivan Niven: Gave a very elementary proof that π is irrational: January 1947 D. F. Ferguson: Made use of a desk calculator [24] 710: September 1947 D. F. Ferguson: Made use of a desk calculator [24] 808: 1949 Levi B. Smith and John Wrench: Made use of a desk calculator 1,120
Profitability index (PI), also known as profit investment ratio (PIR) and value investment ratio (VIR), is the ratio of payoff to investment of a proposed project.It is a useful tool for ranking projects because it allows you to quantify the amount of value created per unit of investment.
Comparison of the convergence of the Wallis product (purple asterisks) and several historical infinite series for π. S n is the approximation after taking n terms. Each subsequent subplot magnifies the shaded area horizontally by 10 times.
From the mid-20th century onwards, all improvements in calculation of π have been done with the help of calculators or computers. In 1944−45, D. F. Ferguson, with the aid of a mechanical desk calculator, found that William Shanks had made a mistake in the 528th decimal place, and that all succeeding digits were incorrect. [34] [38]
WAL should not be confused with the following distinct concepts: Bond duration Bond duration is the weighted-average time to receive the discounted present values of all the cash flows (including both principal and interest), while WAL is the weighted-average time to receive simply the principal payments (not including interest, and not discounting).