That would be like a quarter of 1% to postpone your payment by another year; so time was really cheap.

也就是说只需要付1%的1/4就能,延迟一年还款,时间的价值很低

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A real-time hook off that payment goes back to that sort of visualization.

即时摘机付款,回归可视化。

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Your mortgage payment is constant through time but the fraction of it that goes to paying off principal versus interest changes through time and it just changes as dictated by this formula.

抵押贷款每月还款是固定的,但是其中本金和利息的比例关系,会随时间而改变,这是由这个公式所决定的

耶鲁公开课 - 金融市场课程节选

At every point of time your mortgage balance is equal to your mortgage payment times that square bracketed thing, where T is the amount of time you have left.

在每个时间点的抵押贷款余额,都等于每月偿还额乘以,方括号内的值,T是剩余年份数

耶鲁公开课 - 金融市场课程节选