Icon Re: Math collision on the 405, film at eleven
H
Herring405 (view)

: Mr. 405:
: Look--- I can't make it any simpler than this:
: If the bank advertises a loan that is SUPPOSED TO BE 8% interest, then that equates to $8,000 on a $100,000 loan.
: It is no more complicated than that.

And I will make it very simple as well:  I want you to give me $100,000 right now.  I will pay you back $108,000 in thirty years.  What do you say?

Meanie.

Herring405


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