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

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.

Essentially, when you take a traditional mortgage, kind of a 30 year fixed, every month you're paying a little bit more than the interest, just to take down the balance.

And then we're going to set p is equal to your monthly payment, your monthly mortgage payment.

You're supposed to always pay your rent on the first of the month.

Month to month. Cash up front. Inside.

look if you pay a premium if you pay a premium every year of five hundred dollars of the .... the word premium litterally just means the amount that you would pay every year

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.

Yeah, 8 times 12 is 96, and then you get another half in there, right?

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

Mother calculated her monthly expenses.

So you multiply it times 1 plus i. i in this situation was 0.005.

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

But I think it'll start making sense to you.

Your payment is now two months overdue.

I think most of us understand the general idea about life insurance

FOREMAN

You're a month behind with your rent.

We fixed the pricing, taking into account what they would save in bus fare in coming to a city, so they pay about 20 rupees, and that's good for three consultations.

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

The bill was paid in coin.

With reference to the invoice No.56789 which was due last month, we have not yet received your remittance.

I paid an account of 10,000 yen.

I'll do kind of a more complicated one.

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

And the payments?

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

We will pay this amount by June 30.

That will now compound over the next month.

What's this, dear?

That's 1 billion that they needed.

Subscription fee, instead of paying per use, why don t we pay kind of a flat fee every month for continuous access to a service.

You and the customer agree that they can pay you 400 the next month.

The customer's not paying us in that month

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?

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

The bill must be paid today.

Payment

Pay up

The company pays me 100,000 yen in various allowances a month in addition to the regular salary.

I pay 100,000 yen in monthly rent for my apartment.

In this situation, you take your payment, you discount it by your monthly interest rate, you get the loan amount.

every month

Monthly Log

But the important thing to realize is that these payments