It's just a deposit kind of thing.

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

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

Do they have food to take with the prescription?

Everything is risk free.

I mean, does it really matter?

Being always a little bit more less financially savvy than the term life is that... this is going to this as long as you continue to pay this premium this is guarantee, cause you will die one day unless you know something the rest of us don't know.

Nobody was processing the credit cards.

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

So actually, let me do that.

That will now compound over the next month.

And the payments?

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

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.

Insurance payment, it's on a monthly basis, right?

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

Please use an alternative method of payment.

Payment

Pay up

We're waiting for our wages

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?

What's this, dear?

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

Mrs. Monkford cashes in the life insurance, and she splits it with Janus Cars.

Processing Payment

Number of periods

I'd like to pay the check, please.

And when will you settle your account?

For years and years Natoma did everything right.

Every year you pay 7 but on I guess a monthly basis, you'll pay roughly 1 12.

Which really makes you ask the question, if you know your cash payout is larger than the amount of that is going to be paid off when you die.

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

I'll pay with travelers' checks.

Who received this money?

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

Smith demanded payment.

Let me do that in red.

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

After those ten years that you didn't die, nothing really happens you just keep on living

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

Please pay the tax.

In the whole live

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.

We do the same thing with the price of policing the Persian Gulf and keeping the shipping lanes open.