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!
@crowsmathclass
Ай бұрын
You’re welcome. Glad it helped.
@iamGeo.
Жыл бұрын
The Best (simplified) explanation I've ever seen on loan amortization.💯🙌
@crowsmathclass
Жыл бұрын
Thank you.
@cicaedasongs
4 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.
@crowsmathclass
4 жыл бұрын
You're welcome. Glad it helped.
@mdrezaulislam8790
3 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
@wateverlerr
4 жыл бұрын
Thank you for the formula! Finally i am done with my confusion.
@crowsmathclass
4 жыл бұрын
You’re welcome. Glad it helped.
@yvettememita2974
3 жыл бұрын
Super helpful, accurate and straightforward. Thank you
@crowsmathclass
3 жыл бұрын
You’re welcome. Thank you for the comment.
@bogdanghiorghiu5250
3 жыл бұрын
I recommend speed of x1.5
@bellaestacio8751
3 жыл бұрын
Thank you 😭
@fhs2004jtwwf2007
3 жыл бұрын
It’s awesome to listen in 1.5x then listen to the end at normal speed lolz
@EddieTavaresBrown
3 жыл бұрын
Lmao
@k-walk
3 жыл бұрын
put him on ben shapiro mode
@minatothefourth6562
Жыл бұрын
Lmao too late mate already watched it😭
@eastonhubbard7963
3 жыл бұрын
Thank you for the formula and simple explanation!
@crowsmathclass
3 жыл бұрын
You’re welcome.
@richb2752
4 жыл бұрын
Thank you for a simple explanation and example. I subscribed and look forward to more videos.
@crowsmathclass
4 жыл бұрын
Thank you.
@afrousel4731
Жыл бұрын
Thank you, very easy to follow with this simplified formula
@crowsmathclass
Жыл бұрын
You’re welcome.
@thalminator7663
4 жыл бұрын
Makes it so much easier to comprehend the forumla thanks
@crowsmathclass
4 жыл бұрын
You’re welcome. Glad it helped.
@mdrezaulislam8790
3 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
@maxpercer7119
4 ай бұрын
I love this guy's voice. He should do voice acting.
@crowsmathclass
4 ай бұрын
Thank you.
@missterious1090
2 жыл бұрын
Thank you so much sir! It is really a big help specially for us student
@crowsmathclass
2 жыл бұрын
You’re welcome. Glad it helped.
@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
👍
@ljsoriano1486
3 жыл бұрын
thank you for your clean and comprehensive explaination❤️
@crowsmathclass
3 жыл бұрын
You’re welcome.
@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.
@jjlayks
2 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?
@2SS.FERT1LE
3 жыл бұрын
Thank you, this was a big help.
@crowsmathclass
3 жыл бұрын
You’re welcome. Glad it helped.
@nettjackson8624
3 жыл бұрын
Thank you for your clear explanation.
@crowsmathclass
3 жыл бұрын
You’re welcome.
@donkai_lol4370
2 жыл бұрын
Amazing explanation thank you.
@crowsmathclass
2 жыл бұрын
Thank you. Glad it helped.
@joelmulemezi1733
4 жыл бұрын
i love the new word for brackets
@pierresmirnoff7829
3 жыл бұрын
Thanks for the help!
@crowsmathclass
3 жыл бұрын
You’re welcome.
@dodgingdurangos924
4 жыл бұрын
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.
@rickguerrero2282
5 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.
@mdrezaulislam8790
3 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
@learningstudiosaminasaeed313
3 жыл бұрын
thanks it understanable
@crowsmathclass
3 жыл бұрын
You’re welcome.
@antoinettkandiesmith3487
3 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
@paigeball8987
3 жыл бұрын
What calculator are you using that allows for doing large exponents ? Mine gives me an overflow error
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.
@vladimirdb948
4 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
@shadaepowell6947
2 жыл бұрын
Facts
@nhitc6832
7 ай бұрын
Most banks in the U.S will simply divide by 12. I believe Canada does the way you mentioned.
@@crowsmathclass thank you sir do you have a video of amortization schedule?
@This_is_top_10
4 жыл бұрын
How to findthe value of loan?
@crowsmathclass
4 жыл бұрын
You would just solve the formula for P.
@samhongyt5951
4 жыл бұрын
Sir what if there' no years given how to get it?
@crowsmathclass
4 жыл бұрын
The problem would have to tell you how many total payments there are if they don’t give you years.
@mdrezaulislam8790
3 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
@ashutoshmishraseca6603
5 жыл бұрын
Texas accent
@khayalethufongqo4095
4 жыл бұрын
I bet that's going to be a nasty number lol😂
@mdrezaulislam8790
3 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
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