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Truth in Lending

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Uploaded by on Aug 26, 2008

What you don't know is probably costing you a lot more than you think.

Category:

Education

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License:

Standard YouTube License

  • likes, 2 dislikes

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Uploader Comments (trueskillz17)

  • Great video, I hope you don't mind I used it on my blog. Wonderful job explaining the front loaded interest. I love the way you put together the little stick men. Thank you.

  • I'm happy you liked the video.  Feel free to use it on your blog : )

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  • How do you get the effective rates? what do you divide? which factors? amounts paid divided by equity?

  • The video is great, but the math is simply incorrect. The interest is charged on the principal outstanding and taking the payment breakout of principal to interest in a payment is meaningless. The rate of 6% is the same for a month, a year, 30 years.

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