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This year I need to teach this, and your video helped me get a grasp on it more than all the formulas. Once I understood the recursion relation, I could reverse engineer the math to derive the standard formula for monthly payment. I don't think I'll make my high schoolers do that, but I might assign them the task of building this spreadsheet! Thank you for a great video!
Input a ten or 15 year mortgage and watch it calculate all the way to 360 months. Understand that one can modify the SS by copying down to the no. of months, but that should not have to be necessary! SORRY but you are NOT finished. Also speak slowly since you have a very heavy accent. Otherwise great job.
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