BABY Investments Thanks. Don’t know if everyone loves math videos, but it’s searched for and everybody needs to know these basics for their everyday lives.Once you see the benefits, then I think we’ll use the math all the time
It is indeed true, while some UA-camrs use words that normal people don't understand, you explain it plain and simple, that's why I like it so much, it's for the ordinary guy, that maybe doesn't understand every 'stock-market-special-word', and just wants to know how to calculate simple percentage! How didn't I come up with that, argh! haha JK, good luck with it!
Subscribers..... What are your favorite types of video from this channel? Thanks in advance :) Watch more of my latest videos: ua-cam.com/channels/NGiXK9ZsxIzY-3g_TPilBQ.htmlvideos?view=0&sort=dd&shelf_id=1
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid economy crisis, and even pull it off easily in favorable conditions. Unequivocally, the collapse is getting somebody somewhere rich.
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such execution are usually carried out by investment experts with experience since the 08' crash.
The issue is people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt. Ideally, advisors are reps for investing jobs, and at first-hand encounter, my portfolio has yielded over 300% since 2020 just after the pandemic to date.
i'm blown away! mind sharing more info please? i am a young adult living in Miami where i've encountered several millionaires, and my goal is to become one as well
NICOLE ANASTASIA PLUMLEE' is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Great explanation! Something so simple yet many people do not know how to do. It is helpful to understand how to calculate interest in real life situations to know how much you will be paying.
Jason, thank you for the break down. Super easy to understand when you break it down this way. I'm taking a finance course and learn formulas better when someone talks about them and applies them in a real-world application. Thanks for helping me along with my degree!
Thank you so much for producing these videos! My dad had taught me how to figure interest rate problems when I was young, but it’s great to see someone helping people the way that you have. You are a good teacher!! Keep up the great work!
Great simple vid Jason! Going back to the basics is always a good idea, I know I didn't learn too much in school. Interest might have been too advanced for us kids haha
Some credit-agencies are even worse than that. They allow full-settlement(in advance) of loan(usually vehicular) at any point in time, without penalty, because they charge you full interest up-front then divide to monthly repayments. You will be paying off the interest-portion first, without reducing on the principle, and then pay off the principle-portion. If you do full-settlement(in advance) or refinancing, you pay full-interest anyways. Some people think they are smart and brag about how smart they are. They diss those who speak the truth without bothering to verify or research or counter-check or ... without reading the fine-prints. The devil is in the details. I smile at them. Both consumers and credit-agencies think that way.
Hey I’m 14 and trying to learn this because for whatever reason they don’t want to explain it in school. I had a question. So if I were to deposit 12,000 into the bank and there was a .01 interest rate would I calculate that by doing 12,000•.01 or is that wrong?
My problem is I am given the dollar amount paid in interest and asked to find the annual percentage rate. So if I don't know the rate, then what? The dollar amount was simple interest
my bag sorry, i was trying to find out how they arrived at this $26.11 interest on a car Loan monthly statement. The interest rate is 5.020% . balance was $ 6,778.05, they paid $510.00 for that month. Which showed the new principal balance at $6,294.16 & $483.89 went to the principal. How was it calculated i i don't know. I couldn't figure that out on Calculator. You may do it if you wish.
I came here because SBA loan. Its showing 30 year monthly payment of $148 with 3.75% interest rate on total loan of 30k. But when I multiply with 29 years(starting payment 1 year after) came out to be 51K. Shouldnt it should be $31,125?
$51k is correct because that’s the total amount you’ll pay back including the loan and interest over the entire term. About $20k interest and $30k for the loan
Doesn’t make sense I used a calculator for car loan on 18k and it says with 4.5 apr The loan comes out to 20,134 With a 60 month term which is 5 years 810 x 5 is 4,050 On top of 18k is 22k+ Can you clear this up for me ????
$20,134 is correct because that’s including all the interest you’ll pay over 5 years. 4.5% for 60 months is $2,134 in interest (unless you make bigger payments towards principle)
$18000 at 4.5% for 60 months . You’ll pay $2,134 in interest for the loan. Use this loan calculator app (it’ll help if you have iPhone). apps.apple.com/us/app/loan-calculator-professional/id689683807
If you divide it by 12 wouldn’t that be years not months? 18000 multiplied by .045 is getting the overall interest you’ll pay. So dividing that number by 12 is spreading it out by the amount of years…I think
I love these videos, you are actually helping normal people, love it, keep up the good work!
BABY Investments Thanks. Don’t know if everyone loves math videos, but it’s searched for and everybody needs to know these basics for their everyday lives.Once you see the benefits, then I think we’ll use the math all the time
BABY Investments And thanks for the comment ;)
It is indeed true, while some UA-camrs use words that normal people don't understand, you explain it plain and simple, that's why I like it so much, it's for the ordinary guy, that maybe doesn't understand every 'stock-market-special-word', and just wants to know how to calculate simple percentage! How didn't I come up with that, argh! haha JK, good luck with it!
Maybe i should've named my channel "Average Joe Finance" :)
Just pinned your comment :)
Thanks for watching. Please subscribe if you feel the inner need :)
Subscribers..... What are your favorite types of video from this channel? Thanks in advance :)
Watch more of my latest videos: ua-cam.com/channels/NGiXK9ZsxIzY-3g_TPilBQ.htmlvideos?view=0&sort=dd&shelf_id=1
Thanks. Did it make sense for ya? I tried explaining as best I could and my goal is to help everyone get the math easily
Thanks 😍
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid economy crisis, and even pull it off easily in favorable conditions. Unequivocally, the collapse is getting somebody somewhere rich.
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such execution are usually carried out by investment experts with experience since the 08' crash.
The issue is people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt. Ideally, advisors are reps for investing jobs, and at first-hand encounter, my portfolio has yielded over 300% since 2020 just after the pandemic to date.
i'm blown away! mind sharing more info please? i am a young adult living in Miami where i've encountered several millionaires, and my goal is to become one as well
NICOLE ANASTASIA PLUMLEE' is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
AMAZING, AFTER MANY VIDEOS FINALLY UNDERSTOOD THE CAR LOAN INTEREST CALCULATION, SOMETIMES YOU JUST NEED TO KEEP IT SIMPLE.
I needed this for my math class😌
Man I like your presentation. It is simple and straight to the point. Keep it up
Thank you
One of the best simple videos on here to explain love it
Best video on the net explaining how to calculate interest! Thank you 🙏🏽
Great explanation! Something so simple yet many people do not know how to do. It is helpful to understand how to calculate interest in real life situations to know how much you will be paying.
Very true. It's too easy, but many of us don't understand how to apply it.
Jason, thank you for the break down. Super easy to understand when you break it down this way. I'm taking a finance course and learn formulas better when someone talks about them and applies them in a real-world application. Thanks for helping me along with my degree!
Thank you and I learn more with you than anybody with all those formulas.
This video was excellent, very easy to understand, thanks man.
You’re welcome! Thanks for watching
Thank you so much for producing these videos! My dad had taught me how to figure interest rate problems when I was young, but it’s great to see someone helping people the way that you have. You are a good teacher!! Keep up the great work!
I love how simple you explained this! Thanks!
You’re very welcome!
Straight and to the point!!! Thank you so much!
You’re welcome
Love you!!! You just helped me big time on my maths test xxx
THANK YOU! I'm home schooled and mu mum showed me how to do it a few weeks ago, I kinda forgot
Great content Jason! Just found your channel and looking forward for more videos.
JJ Buckner Thanks. Hope I can help with something financial in your life
Very easy and well explained. Thanks
You’re welcome. Glad it helped
Thank God. Gonna have PSC exam soon. Thanks man.
Love this u xplain this in simple ❤
You are the best my guy thanks a million
Finally!! a simple APR Video sheesh!… 👍
Great simple vid Jason! Going back to the basics is always a good idea, I know I didn't learn too much in school. Interest might have been too advanced for us kids haha
It’s sad that it’s so easy and nobody has a clue how to figure it out
I have a quiz tomorrow thank u
Great video bro, I really preciate you..
You’re welcome!!
I feel like i'm much more smarter. Thanks dude amazing video. You went slow so we could all understand it. :)
Some banks in some banking-jurisdiction are more "illegal" than others.
Simple interest with daily-rest, weekly-rest, monthly-rest, (yearly-rest)
Some credit-agencies are even worse than that. They allow full-settlement(in advance) of loan(usually vehicular) at any point in time, without penalty, because they charge you full interest up-front then divide to monthly repayments. You will be paying off the interest-portion first, without reducing on the principle, and then pay off the principle-portion. If you do full-settlement(in advance) or refinancing, you pay full-interest anyways.
Some people think they are smart and brag about how smart they are. They diss those who speak the truth without bothering to verify or research or counter-check or ... without reading the fine-prints. The devil is in the details. I smile at them.
Both consumers and credit-agencies think that way.
thanks apec school, very cool
How do you find the balance? I'm doing a practice test for math and she says to use balance = principal + interest but it isn't working.
Simple interest and Compound interest the same thing?
Thanks but could you please share the formula example 10000 for 1.25% for 80 days
Figure out the daily rate of 365, then just apply it to 80 days
$.34 x 80 = $27.40
Dude. Thank you.
Hey I’m 14 and trying to learn this because for whatever reason they don’t want to explain it in school. I had a question. So if I were to deposit 12,000 into the bank and there was a .01 interest rate would I calculate that by doing 12,000•.01 or is that wrong?
12000 x .0001 in calculator for .01% interest
Very helpful, thank you
Good video, thanks for sharing it man. God bless you! :)
You’re welcome!!
thanks man this helps, got a test tmo lmao
17000 at 18% for 6 months, so how much total would i be paying please?
My problem is I am given the dollar amount paid in interest and asked to find the annual percentage rate. So if I don't know the rate, then what? The dollar amount was simple interest
What about if their interest rate is 5.020%,& the balance about $7,000.00? How do you do it on a calculator?
Just do .0502 x 7000. I think that’s right
my bag sorry, i was trying to find out how they arrived at this $26.11 interest on a car Loan monthly statement. The interest rate is 5.020% . balance was $ 6,778.05, they paid $510.00 for that month. Which showed the new principal balance at $6,294.16 & $483.89 went to the principal. How was it calculated i i don't know. I couldn't figure that out on Calculator. You may do it if you wish.
Simple thank you pumpkin
Your a legend
i luv ur smile and ur video
Hey ! I like it ❤
Thank you!
I came here because SBA loan. Its showing 30 year monthly payment of $148 with 3.75% interest rate on total loan of 30k. But when I multiply with 29 years(starting payment 1 year after) came out to be 51K. Shouldnt it should be $31,125?
$51k is correct because that’s the total amount you’ll pay back including the loan and interest over the entire term. About $20k interest and $30k for the loan
does this work for this formula I=PRT
Thank you King 🙏🏽
Now I know! Haha! Thank you so much Jason!
how do you calculate compound interest
just saved me for my maths exam tomo
Sometimes its boring but i need to learn
Very good
Thank you
Thank u
Thank You!!!!!
Thank you sir
How do you calculate the RATE OF INTEREST?
how do i find the monthly payment
Doesn’t make sense I used a calculator for car loan on 18k and it says with 4.5 apr
The loan comes out to 20,134
With a 60 month term which is 5 years
810 x 5 is 4,050
On top of 18k is 22k+
Can you clear this up for me ????
$20,134 is correct because that’s including all the interest you’ll pay over 5 years. 4.5% for 60 months is $2,134 in interest (unless you make bigger payments towards principle)
@@HonestFinance how did you get $2,134 can you please explain tq
$18000 at 4.5% for 60 months . You’ll pay $2,134 in interest for the loan. Use this loan calculator app (it’ll help if you have iPhone). apps.apple.com/us/app/loan-calculator-professional/id689683807
Thanx so much....😁
You’re welcome
Thank you.
Thank you
Nice
thank you sir😌
I remember it being harder back in pre algebra, lol
Thanks .
i tried a interest calucater and got 2 ansers, i tried with just a calculater got one anser
What is "Up"
Love the intro XD
How to calculate per month interest
This actually helped me not like the vids my teachers link... pause there not sexual
The best solution for saving money is to pay cash. Sothat credit company doesn’t get rich of us tax payers. 😅
So easy
My favorite part is how you're able to make your hair disappear
Bill Stenzel I made this one for your students ;)
It’s green screen, so maybe I should switch it to the ocean or blurry Christmas lights
Honest Finance is that really a green screen!?
Honest Finance so is that why your shirt glows it has a reflective thing going on
No. Velvet ;)
If you divide it by 12 wouldn’t that be years not months? 18000 multiplied by .045 is getting the overall interest you’ll pay. So dividing that number by 12 is spreading it out by the amount of years…I think
It’s months because APR is annual interest
math is not boring 😊
It’s not to me :)
When you know what you’re doing maths is quite enjoyable
That’s for real!!! You feel confident and not walking that you feel got robbed from purchasing an expensive car loan.
Lies 🧢
A=p(1+r/365)N
I used to think it was per month instead of percentage per year , I think it's APY
38 banks disliked this video
I am in a test right now
45%interest rate
my teacher didnt even give me an intrest percentage
Awh dude im so not excited to be an adult and do taxssss that stuff sounds bonkers.
POV: you do Math Lit
7th grade math ain't the easiest
...
Take your face out next time
Thank you 👍
You’re welcome