Thank you so much for this video! I experience a lot of anxiety when it comes to doing math problems to the point where adrenaline kicks in. Your video helped me figure it out in just a few minutes and I'm so grateful to you.
This is a fantastic walk-through. There is one thing I would like to say about the mortgage calculation part around min. 7:20 in the video you mention negotiating an interest rate. In 2022 there is no real way to negotiate your interest rate if you use a conventional loan from a bank or private lender. All of their loan rates are determined by your credit score, income, and debt-to-income ratio.. So rather than try to renegotiate something that isn't negotiable, you could work on improving your debt to income ratio, put more cash down, earn more income, or you can pay down points at closing to reduce your interest rate. Something else to note is that most home loans do not have a penalty for paying them off early.
I agree with this to an extent. While you may not be able to negotiate with one lender, you are able to shop around to see who will give the better deal.
I'm so glad I saw this video. I wanted to know how to get rid of the negative monthly payment, and you showed me how. Thank you very much, I really appreciate it!
Thanks for this information.. actually was stuck with a little task given to me by my tutor and of course I have sorted it out because of this man's information
I thought this is just a tutorial about excel and calculation. A bonus words of wisdom in the end. Which i always hear from my any person who doesn’t want to use debt. I’ll rather used debt to produce more income out of it.
Bro, how you know everything? When I was high school, I used to watch your videos for my cal class and AP chem, and now I am in college studying finance. And I was watching this video to learn some tips on using excel and the voice sounded familiar, and I saw it's you again. Thanks for your videos, helping me through my career!
Thank you for taking your time to teach us. I understand this way better than my teacher explained. This will be very beneficial for my upcoming math assessment! 👍
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For total interest I had to put it like this =-cell-cell if not it would add both cells instead of subtracting. Can someone explain why this is happing?
Thanks for this video But one thing I do not under stand-in a personal loan they take out monthly payment 197.00 then end of the month then 45.00 as withdrawal
would you be willing to help build a payment amortization. I have to have insurance and taxes along with extra payments and actual payment made columns.
Easy, your LOAN AMOUNT is "about" $450,000. Monthly payments of $3,488.85. Total Cost will be $837,322.85. Total Interest Paid $387,322.85 Hope this helps. You're paying almost TWICE what the house is worth. ouch.
Martinez is legit and reliable. Have worked with him some months back and believe me he’s one of the legit hackers he’s the best if you need help with paying off debt ,credit score fix , credit card ,bank account,phone hack, PayPal hack . Contact him on +12013507159 via WhatsApp Mail him on martinezraber@gmail.com
Martinez is legit and reliable. Have worked with him some months back and believe me he’s one of the legit hackers he’s the best if you need help with paying off debt ,credit score fix , credit card ,bank account,phone hack, PayPal hack . Contact him on +12013507159 via WhatsApp Mail him on martinezraber@gmail.com
Final Exams and Video Playlists: www.video-tutor.net/
Can you calculate it without a calculator/formula.?
Thank you so much for this video! I experience a lot of anxiety when it comes to doing math problems to the point where adrenaline kicks in. Your video helped me figure it out in just a few minutes and I'm so grateful to you.
Sinigang na isda
Man, you're great. I love how you take an excel lesson and turn it into life lessons - get that interest down is right!
Really help me out alot to understand how it's calculated
God bless you !!! Was stuck on this damn thing for 2 hours UA-cam was my last hope
THANK YOU SO MUCH!! YOU ARE AMAZING. I'm taking accounting online for the summer and it's been rough. Seriously I owe you a huge thank you! God bless
saved me HUNDREDS of dollars on new HVAC system and Car Loan. Thanks, really easy to follow along!!
This is a fantastic walk-through. There is one thing I would like to say about the mortgage calculation part around min. 7:20 in the video you mention negotiating an interest rate. In 2022 there is no real way to negotiate your interest rate if you use a conventional loan from a bank or private lender. All of their loan rates are determined by your credit score, income, and debt-to-income ratio.. So rather than try to renegotiate something that isn't negotiable, you could work on improving your debt to income ratio, put more cash down, earn more income, or you can pay down points at closing to reduce your interest rate. Something else to note is that most home loans do not have a penalty for paying them off early.
I agree with this to an extent. While you may not be able to negotiate with one lender, you are able to shop around to see who will give the better deal.
this man knows everything
You made it too easy man, Thanks
Thank you so much. Excel spreadsheet was so helpful. I am an engineer and I really got stuck with this financial problem 💲💲💲 #SouthAfrica 🌍
Straight to the point! You made it so easy!! THANK YOU!!
I'm so glad I saw this video. I wanted to know how to get rid of the negative monthly payment, and you showed me how. Thank you very much, I really appreciate it!
Omg you just helped me so much. This is EXACTLY what I needed for my math project
Same lol ,dumb taco truck interest project
Thank you so much for this video, I finally have done the assessment that I was struggling for a few days on how to work it out.
Pls help me dear
Thanks for this information.. actually was stuck with a little task given to me by my tutor and of course I have sorted it out because of this man's information
Thank you for the information and helpful tips😊
Thank you! This helped with my final project...
Had problems with these questions; thanks for your video , this help me a lot 👏.
School never thought me shit. Another weapon added to my knowledge 🔥🔥
I thought this is just a tutorial about excel and calculation. A bonus words of wisdom in the end. Which i always hear from my any person who doesn’t want to use debt. I’ll rather used debt to produce more income out of it.
Bro, how you know everything? When I was high school, I used to watch your videos for my cal class and AP chem, and now I am in college studying finance. And I was watching this video to learn some tips on using excel and the voice sounded familiar, and I saw it's you again. Thanks for your videos, helping me through my career!
Thank you so much. I have been struggling even after other people had shown me. You made more easy and understanding.😊
Thanks so much, this helps me a lot before I head into the dealership !
You just saved my life, I was so lost on this chapter of my excel course, and my exam is due this week! You are a great teacher!
Thank you. Your efforts are much appreciated
You helped solve the mystery for us thanks very much
Very clearly explained. Thank you
Thank you so much. Now I can make decisions with this formula.
Man, thank you so much. Your explaination save me a lot of troubles. Appreciated, Good video!
Thank you for taking your time to teach us. I understand this way better than my teacher explained. This will be very beneficial for my upcoming math assessment! 👍
Simple and to the point, nice vid
You SAVED my day! Very well explained. Thank you so much!
Thank You man! Appreciate it :)
Thank you this was very helpful
Great video! Thank you!
This Channel literally has EVERYTHING! I love this, helped me in my Excel class!
Thank you for the video
So clear and perfectly explained. Thanks for this great video!!
brilliant video learnt how much my mortgage will cost
Appreciated your kindly offer your explanation are great.
Thanks it helped ... Love from India
Thanks man!
Amazing explanation !!! Simple and effective
Thanks!
@@TheOrganicChemistryTutor ....I just watched your other video "How To Create an Amortization Table In Excel"... very well done again
Man, you are amazing
Thanks. It is very clear.
Thanks a lot, you help me to fix a little issue i had on my excel sheet
Great Video
Really helpful :)
Thank you!
Really helped me
Thank you!
Thank you! I really appreciate it.
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Very helpful.
Good info thanks so much
Thanks so much
nice that help ful content
Thank you. Well done! Wanted to get an idea for the 5 acres I would like to purchase before I make an appt to the bank.
Great video! Thank you so much for this! Absolute life saver.
Is there a way of making a Mortgage calculator with prepayments?
Annual rate you mentioned here is it the stated rate or it is the effective interest rate?
This is great, how would i add the rounding function to 2 places in this formula
god this helped, you covered everything too god bless
Thanks man
Is this example computation apply annuity??
🙏 thank you
Which excel you are using
Thank You for sharing!!
Does the pmt formula use straight line or reducing balance method ?
i wish i could donate something for this channel..
Good video man! What would happen if the interest in the first 03 years would be 0% and 3.15% for the following 07 years? how could I calculate that?
Such a useful source to watch! Thanks sir for this wonderful video ❤️
can we still get monthly payment without having loan amount but we have the future value? or do we need to use other financial formula?
Negotiation is the last thing buyers are doing when it comes to real estate.
Can you add a balloon?
Thank you, if we borrow money from bank the amount 3000$ have 3 years the interest 1.45% for month how we calcuate this ? Thank you
If someone was sending it to you would you sign on this? If so where would you sign
Can't seem to find a formula explanation for interest paid after X years, since we know we pay more interest in the first years of a loan.
The best idea is to pay it in install Ments of one dollar over the next two millenniums
What if there is a charge off or bad debt in period 7? or if the loan book has an annualised bad debt of 1% per annum.What's the formula then
?
If the interest rate is variable, you need to change the number of repayments, if yoy have made some payments at a different interest rate already
Thanks allot
It has already started, the assignment and training of armies, like that with David Diga Hernandez.
How to calculate the amount of time of EMI when we know the principal amount, rate of interest and emi amount?
For total interest I had to put it like this =-cell-cell if not it would add both cells instead of subtracting. Can someone explain why this is happing?
If the payment is at the end of the year, what will happen?
Thanks for this video But one thing I do not under stand-in a personal loan they take out monthly payment 197.00 then end of the month then 45.00 as withdrawal
I was staring at my computer for a few hours trying to figure out a formula to use that works
would you be willing to help build a payment amortization. I have to have insurance and taxes along with extra payments and actual payment made columns.
what if you have the term (20 yrs), the interest rate (7%) and the monthly pymt ($3488). How do you calculate the loam amount?
Easy, your LOAN AMOUNT is "about" $450,000. Monthly payments of $3,488.85. Total Cost will be $837,322.85. Total Interest Paid $387,322.85
Hope this helps. You're paying almost TWICE what the house is worth. ouch.
Is this based on compound interest
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Have worked with him some months back and believe me he’s one of the legit hackers he’s the best if you need help with paying off debt ,credit score fix , credit card ,bank account,phone hack, PayPal hack .
Contact him on +12013507159 via WhatsApp
Mail him on martinezraber@gmail.com
how much of each payment is interest?
WHY IS THERE A NEGATIVE IN C8, I mean how can I get a correct or actual value without the negative its messing up my whole sheet
When I do the exact same formula it gives me a payment of $8,333. What's going wrong?
Monthly mortgage payment is error
It's showing #value !
Instant gratification is best, when you have a new car,
By dividing the interest rate by 12 you are not calculating the proper compound interest per month. Results will not be too different though.
Very good observation the interest, the monthly interest is not properly calculated
tysmm
Number of payment how calculated 120 answer? ????
(No. of years)10 * 12 months in a year = 120 months
Total cost is principal + total interest
Martinez is legit and reliable.
Have worked with him some months back and believe me he’s one of the legit hackers he’s the best if you need help with paying off debt ,credit score fix , credit card ,bank account,phone hack, PayPal hack .
Contact him on +12013507159 via WhatsApp
Mail him on martinezraber@gmail.com