How to Calculate Amortization Payments 

Literally was shown this with so many different formulas and ways and couldn't get the answer. Well I watched this and did it and it was right first time! Thanks spent all day trying to figure this out!

I recommend speed of x1.5

Thank you for a simple explanation and example. I subscribed and look forward to more videos.

My answer is different when using calculator

The Best (simplified) explanation I've ever seen on loan amortization.💯🙌

Thank you so much sir! It is really a big help specially for us student

I love this guy's voice. He should do voice acting.

Thank you for this step-by step walk through, Steve! The use of highlighter arrow on your screen really helped me to follow each next train of though. Algebra was always both exasperating and exciting for me in HS... now that I am an adult calculating Amortization Payments, it sure is nice to have a chance to learn the math of it.

Thank you for the formula! Finally i am done with my confusion.

Super helpful, accurate and straightforward. Thank you

Why not complete the calculations on screen rather than on a calculator? I believe people would get more out of the presentation by seeing the numerators & denominators as you move through the calculations.

Amazing explanation thank you.

Thank you for your clear explanation.

Great 💯

i love the new word for brackets

Thank you for the formula and simple explanation!

I honestly wish your my business math teacher Your more polite and probably will be less strict with deadlines Even though school administrator clearly said that we could still work and pass our written works for the next week

I keep getting stuck on how to find the monthly payments on a mortgage which formula would I use not the loans formula

Thank you, this was a big help.

Thank you so much! It was so easy using scientific calc. I just have to click 2ndF before clicking X^-1

Loved the video, definitely helped to gain some understanding, but I am still confused when it comes to interest being compounded at other intervals as well as payments. For example, a loan that compounds annually and payments are made semiannually, etc. Where do the number of payments per year come in?

What calculator are you using that allows for doing large exponents ? Mine gives me an overflow error

Thank you, very easy to follow with this simplified formula

You cannot divide .0325 with 12 because that’s not an equivalent monthly effective rate of 3,25% remember that we use exponentials so In order to find the equivalent rate you should’ve done (1.035)^(1/12) and that result you -1 and get the monthly effective rate

Makes it so much easier to comprehend the forumla thanks

Nice

Texas accent

is this like an annuity pay out

Hi. Do you have to fill out an entire amortization schedule and manually calculate the total accumulated interest PMTs or principal PMTs? Or is there a shortcut trick without having to use the table, Excel or financial calculators, especially for loans with many periods? Thanks.

Thankyou

hi what if you dont have the x^-1 button?

Thanks, it helped.

thank you kind sir

What im hoing to puti if its anually?

thanks it understanable

thank you for your clean and comprehensive explaination❤️

I bet that's going to be a nasty number lol😂

Thanks for the help!

Why do i get this stuff in highschool??????!!!

well done

Helped out. Thank you.

How to findthe value of loan?

Sir what if there' no years given how to get it?