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 cater an event where the cost to you was 200

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

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

Let's split the bill.

And if he were to sell his house for 480,000 and the bank were to agree that 480,000 is all he has to pay back, then that would be a short sale.

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?

It seemed to fascinate him.

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

I'll pay with travelers' checks.

1 of 1 million is another 10,000 a year in property taxes.

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

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.

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

The boss controls his men at will.

To be clear, imagine the universe of all numbers and ignore the primes.

That will now compound over the next month.

So actually, let me do that.

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

Let me do that in red.

And that's literally the money that they give you at a certain period of time.

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

The mortgage payment, we calculated that before, using our mathematical knowledge of geometric series.

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

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

On the contrary, passengers themselves must pay.

In the center of the game show was a puzzle that puzzles statisticians to the present day.

I'd like to pay the check, please.

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.

That means we have an occlusion cost to pay over here and an occlusion cost to pay over here.

Then they don't pay anything.

Now, the vertical line test is just a visual way of doing exactly what we did in this problem over here.

So in general, if I gave you so just think about this a second.

That has nothing to do with it.

But the important thing to realize is that these payments

I've declared the function.

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

I'd like to pay in cash.

I'd like to pay in cash.

But, Way? We pay every resident a 1000 ,

You don't realize how many things in the world are like this.

At the moment, however, this money was not nearly sufficient to permit the family to

loans, they're not liquid.

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 don't pay any mortgage payments.