And then year 10, I pay the 100,000 plus I pay back the 1 million.

What happened was, they paid each other a virtual currency they called dragon kill points.

Payable to the City of San Francisco.

You don't pay any mortgage payments.

My liabilities are this, you can view that as debt because

So actually, let me do that.

He was bound to pay his father's debt.

And you say, this group of the CDOs, they'll get the first payments. or if any payments that go, immediately go to this very senior tranche, right?

That has nothing to do with it.

So on day zero, you have a 200,000 loan.

So what they do is out of this 10 , they pay them some of the basis points.

Choice 3, I am going to pay you I'm making this up on the fly as I go I'm going to pay you 20 today.

The orange slice is what's discretionary.

Some of which is interest, some of which is principle, but it's the same amount you're going to pay every month to pay down that loan plus interest.

And why is it a liability?

If someone doesn't pay the debt, then the insurance company will pay it for you.

So in month 1 you cater an even where the cost to you was 100

But the problem with Santa Clause is, if you look at the mandatory spending of what these folks have been doing and promising folks, it turned out that in 1967, 38 percent was mandatory spending on what we call entitlements.

Let me do that in red.

So what do you do?

It seemed to fascinate him.

Because after you've paid your final payment, you're done paying off the house.

For your information, I've just been reviewing your operations account.

That will now compound over the next month.

Well, let's say you want to compound let's say you want to pay every day.

I probably wouldn't have noticed if you hadn't pointed it out.

On the contrary, passengers themselves must pay.

If I buy, if I directly buy a bond from a U.S. corporation, I'm essentially lending that money to the corporation.

But the important thing to realize is that these payments

That would be a certificate that's an IOU from a company.

I'd like to pay the check, please.

It compounds for one month.

I'll pay with travelers' checks.

Mr Experimenter, I solved X problems. Give me X tokens.

But in multi sided markets there might be users, but they're also might be very separate people who are payers.

So we've collectively borrowed 1 billion from the bank.

And then the bank makes the difference, right?

So it's a little bit more complicated than just saying, oh, look at that, they're giving a 6 coupon, which essentially means twice a year they're going to give me 3 of the value of my bond.

And then I actually have to pay the 45,000 of interest that just goes out the door.

If n is equal to 1, then our situation looks like this you take out your loan, you compound it for one month, 1 plus i, and then you pay your monthly payment.

But just answer your question, in the event of your death your family does not see the savings portion, they only get this payout right over here.

You're left with 500,000 of pre tax income.

When you use the Google search bar you're one side of a multi sided market.

I asked people to draw a sheep facing to the left.

So he makes 2,000.