When making big purchases like a car or a house, we have the option and are sometimes even required to provide a down payment. And while putting down a big chunk of change might be discouraging, it is in our best interest! Large loans accrue more interest than small ones, so we can make them more manageable by paying as much as we can up front. In this episode, we discuss amortized loans, down payments and amortization schedules to better understand how to efficiently track our loans and keep them in check so they don't grow out of control. __________________________________________________________________________ You're already learning about Real World College Math — why not get credit for it? Now you can take top-tier college courses with Study Hall! Study Hall videos are available to watch at no cost, and first-year courses are $25 to sign-up and begin coursework. Once you're satisfied with your grade, receive credit for only $400. Sign up for Real World College Math here https://link.gostudyhall.com/math1 Website: https://gostudyhall.com/ Twitter: https://twitter.com/gostudyhall Instagram: https://Instagram.com/GoStudyHall Facebook: https://www.facebook.com/GoStudyHall __________________________________________________________________________ Chapters: 0:00 - Introduction 2:02 - Down payments 6:11 - Amortization schedules 9:41 - Conclusion __________________________________________________________________________ #AmortizedLoans #DownPayments #AmortizationSchedules #Everyday #Math #CollegeMath #StudyHall