Hey Mindaugas. Thank you!! I’m current publishing new content every Tuesday so feel free to check back regularly or enable notifications to get new updates. I’ll also have a premium subscription service out in the fall for those that are interested in linear courses and more in-depth business content.
Hey Mindaugas. I'm honored you'd want to talk with me. Unfortunately, my schedule is such that I don't have a great deal of free time. Faculty responsibilities and running two businesses, in addition to spending time with family, keep me fairly occupied at the moment. I am hoping to incorporate some type of "office hour" feature in the premium service I"m launching in the fall, but I'm still working out the specifics. More to come on that.
Hey just to let you know, at 12:50 your answer was incorrect because you wrote the wrong denominator. It was 338,860,800, which results in 0.1457, or 14.6%
I need to know how to factor "odd number of days" into this formula. For example: if contract date is 06/25/2022 but 1st payment isn't due until 07/27/2022 then odd number of days = 2.
Suppose a man took out a 20-year loan with an annual rate of 6% to put an addition on his house. His banker encouraged him to put other expenses into the loan if he wished, so he increased the loan in order to purchase furniture,a new car, and a computer. Suppose the computer cost $1 comma 600. Assume that the loan is an add on loan to calculate parts a. and b. a. What was the amount of interest that he paid on the computer part of his loan? b. What was the total cost of his computer? a. The total interest is $ nothing. (Simplify your answer.) b. The total cost of the computer is $ nothing. (Simplify your answer.)
Your videos are insanely good! The info and lectures you deliver to us is really valuable ! don't stop, keep doing this! tho you deserve way more subs
Hey Mindaugas. Thank you!! I’m current publishing new content every Tuesday so feel free to check back regularly or enable notifications to get new updates. I’ll also have a premium subscription service out in the fall for those that are interested in linear courses and more in-depth business content.
@@Alanisbusinessacademy Most probably I will join that too. (p.s is it possible somehow to contact you in person?And if yes, how? :) )
Hey Mindaugas. I'm honored you'd want to talk with me. Unfortunately, my schedule is such that I don't have a great deal of free time. Faculty responsibilities and running two businesses, in addition to spending time with family, keep me fairly occupied at the moment. I am hoping to incorporate some type of "office hour" feature in the premium service I"m launching in the fall, but I'm still working out the specifics. More to come on that.
Hey just to let you know, at 12:50 your answer was incorrect because you wrote the wrong denominator. It was 338,860,800, which results in 0.1457, or 14.6%
I need to know how to factor "odd number of days" into this formula. For example: if contract date is 06/25/2022 but 1st payment isn't due until 07/27/2022 then odd number of days = 2.
Suppose a man took out a 20-year loan with an annual rate of 6% to put an addition on his house. His banker encouraged him to put other expenses into the loan if he wished, so he increased the loan in order to purchase furniture,a new car, and a computer. Suppose
the computer cost $1 comma 600. Assume that the loan is an add on loan to calculate parts a. and b.
a. What was the amount of interest that he paid on the computer part of his loan?
b. What was the total cost of his computer?
a. The total interest is $
nothing. (Simplify your answer.)
b. The total cost of the computer is $
nothing. (Simplify your answer.)
Thanks!
I tried it in excel but I just can't get the interest percentage. I ended up with 2.0480E+13