## The Gecko Makes Copies – GEICO Insurance

What’d we decide on the flyers again? Uh 15 minutes could save you 15% or more on car insurance. I think we’re gonna swap over to over 75 years of savings and service. What? We’re just going to swap over?… Continue Reading

## Calculate remaining balance on loan from payment

(male narrator) So if a mortgage at a 6% interest rate has payments of \$1,000 a month, uh…how much will the loan balance be 10 years from the end of the loan? Now to answer this question, what-what we’re really… Continue Reading

## How to Pay Off Your Mortgage Faster / 2 Simple Strategies

Hello everyone, Ady Simion, Coldwell Banker. Today I wanna talk to you about something that a lot of people that bought houses don’t know. They have a mortgage, they sign up for a 30 year mortgage, and they’re paying a… Continue Reading

## Annuity Formula and Loan Formula: Solving for Time

– WELCOME TO A LESSON ON SOLVING FOR TIME IN THE ANNUITY AND LOAN FORMULAS USING COMMON LOGARITHMS. THIS LESSON DOES ASSUME YOU’VE ALREADY WATCHED THE VIDEO ON HOW TO SOLVE EXPONENTIAL EQUATIONS USING COMMON LOGARITHMS. OFTEN WE ARE INTERESTED… Continue Reading

## Calculate remaining balance on a mortgage

(male narrator) So a couple purchases a home with a \$180,000 mortgage at a 4% rate for 30 years with monthly payments. Uh…what will the remaining balance in our mortgage be after 5 years? Now to answer this, we’re gonna… Continue Reading

## Compare Mortgage Payments at Two Different Interest Rates (Formula)

You want to buy a \$222,000 home. You plan to pay 10% as a down payment and take out a 30 year loan for the rest. Part A, how much is the loan amount going to be? Because you are… Continue Reading

## Should you take a longer loan to lower car payments?

Cars are selling the best they’ve sold in the last ten years, and that’s because the average age of a car in the United States is nearly twelve years old. A lot of them are aging out and we are… Continue Reading

## The Installment Loan Formula

– WELCOME TO A LESSON ON THE LOAN FORMULA. THIS LESSON IS ABOUT CONVENTIONAL LOANS, ALSO CALLED AMORTIZED LOANS OR INSTALLMENT LOANS. EXAMPLES INCLUDE AUTO LOANS AND HOME MORTGAGES. THE TECHNIQUES IN THIS LESSON DO NOT APPLY TO PAYDAY LOANS,… Continue Reading