This video shows how to calculate amortization payments.
Пікірлер: 93
@bogdanghiorghiu52504 жыл бұрын
I recommend speed of x1.5
@bellaestacio87513 жыл бұрын
Thank you 😭
@fhs2004jtwwf20073 жыл бұрын
It’s awesome to listen in 1.5x then listen to the end at normal speed lolz
@EddieTavaresBrown3 жыл бұрын
Lmao
@k-walk3 жыл бұрын
put him on ben shapiro mode
@minatothefourth6562 Жыл бұрын
Lmao too late mate already watched it😭
@leticiaa10692 ай бұрын
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!
@crowsmathclass2 ай бұрын
You’re welcome. Glad it helped.
@AngelaFaithFerran10 ай бұрын
My answer is different when using calculator
@iamGeo. Жыл бұрын
The Best (simplified) explanation I've ever seen on loan amortization.💯🙌
@crowsmathclass Жыл бұрын
Thank you.
@cicaedasongs4 жыл бұрын
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.
@crowsmathclass4 жыл бұрын
You're welcome. Glad it helped.
@mdrezaulislam87904 жыл бұрын
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
@wateverlerr4 жыл бұрын
Thank you for the formula! Finally i am done with my confusion.
@crowsmathclass4 жыл бұрын
You’re welcome. Glad it helped.
@yvettememita29743 жыл бұрын
Super helpful, accurate and straightforward. Thank you
@crowsmathclass3 жыл бұрын
You’re welcome. Thank you for the comment.
@rickguerrero22825 жыл бұрын
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.
@mdrezaulislam87904 жыл бұрын
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
@richb27524 жыл бұрын
Thank you for a simple explanation and example. I subscribed and look forward to more videos.
@crowsmathclass4 жыл бұрын
Thank you.
@eastonhubbard79634 жыл бұрын
Thank you for the formula and simple explanation!
@crowsmathclass4 жыл бұрын
You’re welcome.
@ingovideos92802 жыл бұрын
Great 💯
@crowsmathclass2 жыл бұрын
Thank you.
@maxpercer71195 ай бұрын
I love this guy's voice. He should do voice acting.
Makes it so much easier to comprehend the forumla thanks
@crowsmathclass4 жыл бұрын
You’re welcome. Glad it helped.
@mdrezaulislam87904 жыл бұрын
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
@ihavenofriends5581 Жыл бұрын
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
@crowsmathclass Жыл бұрын
👍
@antoinettkandiesmith34874 жыл бұрын
I keep getting stuck on how to find the monthly payments on a mortgage which formula would I use not the loans formula
@ashutoshmishraseca66035 жыл бұрын
Texas accent
@kimzamora-kx6ru Жыл бұрын
Thank you so much! It was so easy using scientific calc. I just have to click 2ndF before clicking X^-1
@crowsmathclass Жыл бұрын
You’re welcome.
@jjlayks2 жыл бұрын
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?
@kongzilla28973 жыл бұрын
Nice
@crowsmathclass3 жыл бұрын
Thank you.
@afrousel4731 Жыл бұрын
Thank you, very easy to follow with this simplified formula
@crowsmathclass Жыл бұрын
You’re welcome.
@missterious10902 жыл бұрын
Thank you so much sir! It is really a big help specially for us student
@crowsmathclass2 жыл бұрын
You’re welcome. Glad it helped.
@EricwasenHaau4 ай бұрын
Thankyou
@crowsmathclass4 ай бұрын
You’re welcome.
@paigeball89873 жыл бұрын
What calculator are you using that allows for doing large exponents ? Mine gives me an overflow error
@crowsmathclass3 жыл бұрын
Just using a basic TI 30X IIS
@antoinettkandiesmith34874 жыл бұрын
is this like an annuity pay out
@christiananderson95003 жыл бұрын
hi what if you dont have the x^-1 button?
@crowsmathclass3 жыл бұрын
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.
@donkai_lol43702 жыл бұрын
Amazing explanation thank you.
@crowsmathclass2 жыл бұрын
Thank you. Glad it helped.
@ljsoriano14863 жыл бұрын
thank you for your clean and comprehensive explaination❤️
@crowsmathclass3 жыл бұрын
You’re welcome.
@lunawave71723 жыл бұрын
What im hoing to puti if its anually?
@crowsmathclass3 жыл бұрын
m = 1
@lunawave71723 жыл бұрын
@@crowsmathclass thank you sir do you have a video of amortization schedule?
@nettjackson86243 жыл бұрын
Thank you for your clear explanation.
@crowsmathclass3 жыл бұрын
You’re welcome.
@khayalethufongqo40954 жыл бұрын
I bet that's going to be a nasty number lol😂
@mdrezaulislam87904 жыл бұрын
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
@viviannareynold82282 жыл бұрын
thank you kind sir
@crowsmathclass2 жыл бұрын
You’re welcome.
@This_is_top_104 жыл бұрын
How to findthe value of loan?
@crowsmathclass4 жыл бұрын
You would just solve the formula for P.
@learningstudiosaminasaeed3133 жыл бұрын
thanks it understanable
@crowsmathclass3 жыл бұрын
You’re welcome.
@samhongyt59514 жыл бұрын
Sir what if there' no years given how to get it?
@crowsmathclass4 жыл бұрын
The problem would have to tell you how many total payments there are if they don’t give you years.
@mdrezaulislam87904 жыл бұрын
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
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.
@vladimirdb9484 жыл бұрын
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
@shadaepowell69472 жыл бұрын
Facts
@nhitc68328 ай бұрын
Most banks in the U.S will simply divide by 12. I believe Canada does the way you mentioned.