THANK YOU SO MUCH FOR PROVIDING THIS FORMULA!!! I could not find this over the internet on how to calculate total interest paid over a term loan and you've finally showed me.. I knew it was complicated and why it wasn't so easily given when googling it.. THANK YOU SO MUCH!!!!
you may already have something on it, haven't looked yet. Can you do something were like the example your payment is 303.... but say you pay 400 a month instead
If I understand correctly: Let: n = principle ÷ total years in loan you're roughly paying x% of the principle, plus x% of (principle - n), plus x% of (principle - 2n) and so forth?
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Bro started from chemistry to all subjects and now he teaches the real problems
Ikr
THANK YOU SO MUCH FOR PROVIDING THIS FORMULA!!! I could not find this over the internet on how to calculate total interest paid over a term loan and you've finally showed me.. I knew it was complicated and why it wasn't so easily given when googling it.. THANK YOU SO MUCH!!!!
This is really helpful man thank you
he carried me in school. now in life.
I'm predicting that some car insurance company jokes is yet to come
im having trouble with the last step how to plug the bottom into the calculator.
Sir please can you make videos on relativity
The theory of general relativity isn’t the focus of many learners so it might not be good financial decision.
Do you have the formula for adding extra principal payment every month?
Thank you!
you may already have something on it, haven't looked yet. Can you do something were like the example your payment is 303.... but say you pay 400 a month instead
tremendous help thank you so much
I don't understand... annual interest rate but in the substitution you compounded monthly.
At the end, you stopped speaking your calculations, so I could no longer follow. How did you type in the final math to get the 303.34??
Does anyone know a easier way to calculate APR? I feel completely lost.... I do not understand the formula.
you don't calculate APR. That's given to you by the bank. If the bank wants to give you, say, 5% APR, that's what you'll get.
How did you know N=12
because it's every month, they would apply the interest. So, that's 12 months in a year. Hence, N = 12
I want to meet you one day Julio.
This looks like rocket science when all you did your whole school life was algebra and college algebra, this looks more like calculus
You’re not too far off we’re doing this in pre calculus
why am i getting 138
MP = Loan domain for muscle anymore.. Kurs or tirane physicly open TC leave your have muscle graduation Dollars not Rupiah.
Please men create videos on hormones, heart e. t. c
Ok
If I understand correctly:
Let: n = principle ÷ total years in loan
you're roughly paying x% of the principle, plus x% of (principle - n), plus x% of (principle - 2n) and so forth?
I think I commented first
Yeah bots don't count lol