Getting a Loan in New York
Before going to Europe on business, a man drove his Rolls-Royce to a downtown
NY City bank and went in to ask for an immediate loan of $5,000. The loan
officer, taken aback, requested collateral. "Well, then, here are the keys to
my Rolls-Royce", the man said. 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 and started to walk away.
"Wait sir", the loan officer said, "while you were gone, I found out you are
a millionaire. Why in the world would you need to borrow $5,000?"
The man smiled. "Where else could I park my Rolls-Royce in Manhattan for two
weeks and pay only $15.40?"
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