Definition of mission for Students. 1 : a task that is assigned or begun. 2 : a task that is regarded as a very important duty She thinks of teaching as her mission. 3 : a group of missionaries. 4 : a group of people sent by a government to represent it in a foreign country.
15-Year Fixed-Rate Mortgage: The payment on a $200,000 15-year Fixed-Rate Loan at 2.875% and 70.00% loan-to-value (LTV) is $1369.18 with 2.125 points due at closing. The Annual Percentage Rate (APR) is 3.311%. Payment does not include taxes and insurance premiums.
Simple interest car loans, also referred to as APR Loans -- where APR stands for annual percentage rate -- are the most common. They work like a traditional mortgage, through which you pay a combination of interest and principal every month and the interest is re-calculated on the loan's balance every month.ou'll pay more interest over the life of the loan. Going from a 36-month loan to a 60-month loan almost doubles the amount of interest you pay, from $1,273 to $2,127. This rule also works with other variables. You could keep the payment and the rate the same, but borrow more money by extending your loan's term.