Before going to Europe on business, a man drove his Rolls-Royce
to a downtown New York City bank and went in to ask for an
immediate loan of $5,000. The loan officer, taken aback,
requested collateral and so the man said, "Well then, here are
the keys to my Rolls-Royce."
The loan officer promptly had the car driven into the bank's
underground parking for safe-keeping, and gave him $5,000.
Two weeks later, the man walked through the bank's doors, and
asked to settle up his loan and get his car back. "That will be
$5,000 in principal, and $15.40 in interest," the loan officer
said. The man wrote out a check, got up, and started to walk
away.
"Wait sir", the loan officer said, "While you were gone, I found
out you're a millionaire. Why in the world would you need to
borrow $5,000?"
The man smiled. "Where else could I safely park my Rolls-Royce
in Manhattan for two weeks and pay only $15.40?"
to a downtown New York City bank and went in to ask for an
immediate loan of $5,000. The loan officer, taken aback,
requested collateral and so the man said, "Well then, here are
the keys to my Rolls-Royce."
The loan officer promptly had the car driven into the bank's
underground parking for safe-keeping, and gave him $5,000.
Two weeks later, the man walked through the bank's doors, and
asked to settle up his loan and get his car back. "That will be
$5,000 in principal, and $15.40 in interest," the loan officer
said. The man wrote out a check, got up, and started to walk
away.
"Wait sir", the loan officer said, "While you were gone, I found
out you're a millionaire. Why in the world would you need to
borrow $5,000?"
The man smiled. "Where else could I safely park my Rolls-Royce
in Manhattan for two weeks and pay only $15.40?"
