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.

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

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

I am paid by the week.

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

...this weekend and pay for the parts?

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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.

You were just here. Did I forget to pay you last week?

Do you remember that rent is due next week?

You get paid at the end of the week.

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

And the payments?

That will now compound over the next month.

What's this, dear?

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

That's 1 billion that they needed.

The psychologists asked other people a slightly different question.

Only one visitor, every week.

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 Joneses pay their servant by the week.

Payment

Pay up

But the important thing to realize is that these payments

We were only getting paid for DeMarco.

He owned Mark after that dinner.

Please use an alternative method of payment.

They take this sanctuary in time very serious.

Now listen to this

It's Thursday.

I'm getting 10 per year from Corporation B, and then I have to pay 1 to AlG.

Does it have to be the full amount?

In the early days, cryptography was only available to generals and emperors but today, it is used by nearly everyone, everyday.

Processing Payment

Number of periods

So all of these are payments.

And when will you settle your account?

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

So actually, let me do that.

Because it's 10 . 100 million in payments.

Coupons per year

Then we'll expect payment.