Literally was shown this with so many different formulas and ways and couldn't get the answer. Well I watched this and did it and it was right first time! Thanks spent all day trying to figure this out!
Thank you for this step-by step walk through, Steve! The use of highlighter arrow on your screen really helped me to follow each next train of though. Algebra was always both exasperating and exciting for me in HS... now that I am an adult calculating Amortization Payments, it sure is nice to have a chance to learn the math of it.
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I honestly wish your my business math teacher Your more polite and probably will be less strict with deadlines Even though school administrator clearly said that we could still work and pass our written works for the next week
Loved the video, definitely helped to gain some understanding, but I am still confused when it comes to interest being compounded at other intervals as well as payments. For example, a loan that compounds annually and payments are made semiannually, etc. Where do the number of payments per year come in?
Hi. Do you have to fill out an entire amortization schedule and manually calculate the total accumulated interest PMTs or principal PMTs? Or is there a shortcut trick without having to use the table, Excel or financial calculators, especially for loans with many periods? Thanks.
Why not complete the calculations on screen rather than on a calculator? I believe people would get more out of the presentation by seeing the numerators & denominators as you move through the calculations.
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You can then just use the exponent button on your calculator. Just make sure you put -1 in parentheses. Your calculator should have it. I think all scientific calculators have it.
You cannot divide .0325 with 12 because that’s not an equivalent monthly effective rate of 3,25% remember that we use exponentials so In order to find the equivalent rate you should’ve done (1.035)^(1/12) and that result you -1 and get the monthly effective rate
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Literally was shown this with so many different formulas and ways and couldn't get the answer. Well I watched this and did it and it was right first time! Thanks spent all day trying to figure this out!
You’re welcome. Glad it helped.
The Best (simplified) explanation I've ever seen on loan amortization.💯🙌
Thank you.
Thank you for this step-by step walk through, Steve! The use of highlighter arrow on your screen really helped me to follow each next train of though. Algebra was always both exasperating and exciting for me in HS... now that I am an adult calculating Amortization Payments, it sure is nice to have a chance to learn the math of it.
You're welcome. Glad it helped.
Please check about Amortization payment, if you like than click on thanks button, forum.mt5.com/showthread.php?297869-What-are-the-differences-between-depreciation-and-amortization&p=15027970&viewfull=1#post15027970
Thank you for the formula! Finally i am done with my confusion.
You’re welcome. Glad it helped.
Super helpful, accurate and straightforward. Thank you
You’re welcome. Thank you for the comment.
I recommend speed of x1.5
Thank you 😭
It’s awesome to listen in 1.5x then listen to the end at normal speed lolz
Lmao
put him on ben shapiro mode
Lmao too late mate already watched it😭
Thank you for the formula and simple explanation!
You’re welcome.
Thank you for a simple explanation and example. I subscribed and look forward to more videos.
Thank you.
Thank you, very easy to follow with this simplified formula
You’re welcome.
Makes it so much easier to comprehend the forumla thanks
You’re welcome. Glad it helped.
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I love this guy's voice. He should do voice acting.
Thank you.
Thank you so much sir!
It is really a big help specially for us student
You’re welcome. Glad it helped.
I honestly wish your my business math teacher
Your more polite and probably will be less strict with deadlines
Even though school administrator clearly said that we could still work and pass our written works for the next week
👍
thank you for your clean and comprehensive explaination❤️
You’re welcome.
Thank you so much! It was so easy using scientific calc. I just have to click 2ndF before clicking X^-1
You’re welcome.
Loved the video, definitely helped to gain some understanding, but I am still confused when it comes to interest being compounded at other intervals as well as payments. For example, a loan that compounds annually and payments are made semiannually, etc. Where do the number of payments per year come in?
Thank you, this was a big help.
You’re welcome. Glad it helped.
Thank you for your clear explanation.
You’re welcome.
Amazing explanation thank you.
Thank you. Glad it helped.
i love the new word for brackets
Thanks for the help!
You’re welcome.
Hi. Do you have to fill out an entire amortization schedule and manually calculate the total accumulated interest PMTs or principal PMTs? Or is there a shortcut trick without having to use the table, Excel or financial calculators, especially for loans with many periods?
Thanks.
Why not complete the calculations on screen rather than on a calculator? I believe people would get more out of the presentation by seeing the numerators & denominators as you move through the calculations.
Please check about Amortization payment, if you like than click on thanks button, forum.mt5.com/showthread.php?297869-What-are-the-differences-between-depreciation-and-amortization&p=15027970&viewfull=1#post15027970
thanks it understanable
You’re welcome.
I keep getting stuck on how to find the monthly payments on a mortgage which formula would I use not the loans formula
What calculator are you using that allows for doing large exponents ? Mine gives me an overflow error
Just using a basic TI 30X IIS
Thanks, it helped.
You’re welcome.
Helped out. Thank you.
You’re welcome. Glad it helped.
forum.mt5.com/showthread.php?297869-What-are-the-differences-between-depreciation-and-amortization&p=15027970&viewfull=1#post15027970
thank you kind sir
You’re welcome.
Thankyou
You’re welcome.
Great 💯
Thank you.
My answer is different when using calculator
Nice
Thank you.
is this like an annuity pay out
hi what if you dont have the x^-1 button?
You can then just use the exponent button on your calculator. Just make sure you put -1 in parentheses. Your calculator should have it. I think all scientific calculators have it.
You cannot divide .0325 with 12 because that’s not an equivalent monthly effective rate of 3,25% remember that we use exponentials so In order to find the equivalent rate you should’ve done (1.035)^(1/12) and that result you -1 and get the monthly effective rate
Facts
Most banks in the U.S will simply divide by 12. I believe Canada does the way you mentioned.
well done
Thank you.
Why do i get this stuff in highschool??????!!!
forum.mt5.com/showthread.php?297869-What-are-the-differences-between-depreciation-and-amortization&p=15027970&viewfull=1#post15027970
What im hoing to puti if its anually?
m = 1
@@crowsmathclass thank you sir do you have a video of amortization schedule?
How to findthe value of loan?
You would just solve the formula for P.
Sir what if there' no years given how to get it?
The problem would have to tell you how many total payments there are if they don’t give you years.
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Texas accent
I bet that's going to be a nasty number lol😂
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