A control chart consists of several parts. It has two control limits and an average line. The bottom dashed line is called the lower control limit (LCL). The solid middle line is the average of the ...
Calculate the total number of payments: Multiply the number of years in your loan term by 12 (i.e. 12 months of the year). For example, a 30-year fixed-rate mortgage would have 30 years x 12 ...