Truth in Lending
Loading...
1,098
Loading...
Uploader Comments (trueskillz17)
see all
All Comments (4)
-
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.
Loading...
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.
katewideman 2 years ago
I'm happy you liked the video. Feel free to use it on your blog : )
trueskillz17 2 years ago