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

On the contrary, passengers themselves must pay.

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

That's right, all of it.

Did you make regular payments from banking section?

You have no loan left over.

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

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.

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?

But the important thing to realize is that these payments

We will make the payment by bank transfer.

Let me do that in red.

So the way to think about a bank account is, well how much do I pay for that bank account?

So actually, let me do that.

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

I'd like to pay the check, please.

I'll pay with travelers' checks.

That will now compound over the next month.

Everything is risk free.

You don't pay any mortgage payments.

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

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.

You say, you know, it's generating cash, it's worth something.

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.

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

And when the 1 billion came from that local bank, all the payments, the interest payments, went to the bank.

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

And so it would essentially be I gave them 100 thousand maybe to do some work for me it would be a transfer of money by giving a loan and then keep forgiving over and over it would be completely identical to giving someone a gift, which is taxed, or giving someone some type of income

This tranche, they're going to get whatever is left over.

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

That will compound for one month.

What we want to calculate are the total number of students enrolled at all universities in this list and the amount of money that all of them are paying.

Look,I only have 100 dollars, I have this customer, I'm doing thec atering for him this month.

And as you see, as months go by, when you pay the mortgage note and I show that right here, this mortgage payment.

And I'm thinking, who's going to pay all these bills?

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

I can look at your financial records.

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

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

And then in year 10, I'm going to pay the 100,000 and I'm also going to pay back the 1 million.

My grandmother never owned a house.

They'll get the debtor in possession financing so that the company has some cash to operate, pay the bills, and pay the employees and whatever else.

That's a single sided market. There are no separate users, and there are no separate payers.

I'd like to pay in cash.