Let's say it borrows 100 and it promises to pay it in a year.

Pay up

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

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?

You don't pay any mortgage payments.

You're going to pay it over 30 years, or you could say that's 360 months.

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

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.

That will now compound over the next month.

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

Who received this money?

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

That's crazy.

And the payments?

But the important thing to realize is that these payments

How do you think we've been paying our bills these last six months?

Does it have to be the full amount?

I pay you to act.

That's right, all of it.

Julian was with me. He flew in as well.

Let's split the bill.

You will pay for that life, or you will pay with yours.

Let's split the bill.

Smith demanded payment.

I paid him the money due to him.

So to live in this house, how much am I paying just in interest?

Because some of them have paid, and some of them are still paying.

I will pay for it by check.

Payment

He demands immediate payment.

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

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

How did you pay for this computer?

Can I pay you later? I need to run to the bank.

What's this, dear?

Let me make this so it's close.

I think I straightened it out for you.

L'll pay you twice what you paid for her.

What do they pay you?

So I go to the insurance agent and the insurance agent says

L'll pay for the horse.

And for that I will pay you 150,000... cash.

There's financing, there's installment plans.

He promised to pay us high wages.

To him, being paid would have meant being a mercenary.