How did we compute amortized payments before computers

[Jay Hinrichs]

I was going through my desk yesterday doing a deep clean and came upon my old Amortization book I used for years.

these were produced by title companies and given to agents.

if you wanted to know what the payment for a 10k loan at 7 years with 8% interest you just went to the page and scrolled down and there it was.

rates started at 5% and went to 15% and amortizations from 1 to 30 years  Oh is was just so simple then.. I carried that book everywhere since I sold 100% of my deals back then owner finance.

[Joe Villeneuve]

Originally posted by @Jay Hinrichs:

Originally posted by @Joe Villeneuve:

Also people could still add, subtract, multiply, divide and knew what an exponent was

I also had the entire counties plat maps in one binder every lot in the county.. it was 4 inchs thick.. 

no G I S  LOL.. and for ranch lands I would go to the USGS office in Menlo park and buy all the quad maps..

I could identify all sorts of acreages by topography of course in CA were you have mountains and streams and easy to identify landmarks it helped but I could take plat map and put a 40 on a quad map and be darn accurate enough to sell it without a survey..  

 Modern technology is a great thing. It can give you speed and accuracy. Trouble is, people don't understand what the numbers mean.  Much like the calculator meant people could only add to 20 in the summer and 

10 in the winter.