And the cops ain't going to pay my sister's bills.

If I buy, if I directly buy a bond from a U.S. corporation, I'm essentially lending that money to the corporation.

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

The bill is due on the 1st of next month.

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

You don't pay any mortgage payments.

I'd like to pay by check.

I want to pay with a check.

So actually, let me do that.

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

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

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.

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.

Will you honor this check?

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

Let me do that in red.

So what do you do?

Because after you've paid your final payment, you're done paying off the house.

I love my hot glue gun!

That will now compound over the next month.

I will pay for it by check.

Signing cheques for other people, concealed payments. Paper.

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

On the contrary, passengers themselves must pay.

But the important thing to realize is that these payments

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

I'd like to pay the check, please.

It compounds for one month.

I'll pay with travelers' checks.

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

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

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

And then the bank makes the difference, right?

So it's a little bit more complicated than just saying, oh, look at that, they're giving a 6 coupon, which essentially means twice a year they're going to give me 3 of the value of my bond.

I mean, does it really matter?

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

If n is equal to 1, then our situation looks like this you take out your loan, you compound it for one month, 1 plus i, and then you pay your monthly payment.

But just answer your question, in the event of your death your family does not see the savings portion, they only get this payout right over here.

You're left with 500,000 of pre tax income.

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

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

So he makes 2,000.

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

Yeah, it's expensive, because we have more tax on gasoline, which I think is a good idea.