0:00
That's a nice house.
00:01
Make sure i don't lose a zero here.
00:02
That's too many zeros.
00:03
One, two, three, four, five, six.
00:05
$2 million borrowed at 4 % for 30 years.
00:09
And we're gonna pay this quarterly.
00:15
Okay, so let's get our payment, which is gonna be your present value times the interest over one minus one plus i to the negative n.
00:26
Let's plug in all these numbers.
00:28
Two million is our present value.
00:29
One, two, three, four, five, six...