And then year 10, I pay the 100,000 plus I pay back the 1 million.

I'm gonna go left, you're gonna go right, you understand me?

And you say, this group of the CDOs, they'll get the first payments. or if any payments that go, immediately go to this very senior tranche, right?

So actually, let me do that.

You don't pay any mortgage payments.

On the contrary, passengers themselves must pay.

So what they do is out of this 10 , they pay them some of the basis points.

So he actually has 100,000 of cash to buy his pizzeria, so he buys it outright.

So what do you do?

I'll pay with travelers' checks.

And then I actually have to pay the 45,000 of interest that just goes out the door.

So he makes 2,000.

And then the bank makes the difference, right?

Choice 3, I am going to pay you I'm making this up on the fly as I go I'm going to pay you 20 today.

When you use the Google search bar you're one side of a multi sided market.

Well, let's say you want to compound let's say you want to pay every day.

How would you like to pay?

What payment options are available?

So on day zero, you have a 200,000 loan.

No se puede salir sin pagar!

But in multi sided markets there might be users, but they're also might be very separate people who are payers.

We have tried and failed.

I have a 13,500 tax savings.

Some of which is interest, some of which is principle, but it's the same amount you're going to pay every month to pay down that loan plus interest.

I'd like to pay by credit card.

Because who paid Moody's to give them that rating?

Don't steal it.

So my assets are 3,300.

That would be a certificate that's an IOU from a company.

Mr Experimenter, I solved X problems. Give me X tokens.

So in month 1 you cater an even where the cost to you was 100

But the important thing to realize is that these payments

I'd like to pay with my credit card instead.

I probably wouldn't have noticed if you hadn't pointed it out.

If you spent 62 dollars for a meal, the longer you take to pay out that loan, you see, over a period of time using the minimum payment it's 99 dollars and 17 cents.

But you paid. I wonder what with?

It compounds for one month.

And then I'm going to pay you I don't know 35 in year 3.

I'd like to pay the check, please.

I asked people to draw a sheep facing to the left.

So I have some kind of weird student loan, where 5,000 comes due all of a sudden.

So we've collectively borrowed 1 billion from the bank.

So people are paying a discount to the number we just calculated.

And what it says is, it allows 10

I'd like to pay in cash.