Sarge goes to paris.....

[FORD RECOVERY EXPERT]

Never underestimate a Texas Cowboy.

Sarge walked into a bank in New York City and
asked for the loan officer. He told the loan officer that he was going
to Paris for an international festival, for two weeks, and needed to
borrow $5,000. Sarge was not a depositor of the bank.

The bank officer told Sarge that the bank would need some form of security
for the loan, so Sarge handed over the keys to a new Ferrari. The
car was parked on the street in front of the bank. Sarge produced
the title and everything checked out. The loan officer agreed to hold
the car as collateral for the loan and apologized for having to charge
12% interest.

Later, the bank's president and its officers all enjoyed a good laugh at the Cowboy from the south for using a $250,000 Ferrari as collateral
for a $5,000 loan. An employee of the bank then drove the Ferrari into
the bank's private underground vault and parked it.



Two weeks later, Sarge returned, repaid the $5,000 and the
interest of $23.01.

The loan officer said, 'Sir, we are very happy to have had your
business, and this transaction has worked out very nicely, but we are a
little puzzled...

Sarge asks why...

While you were away, we checked you out on Dunn & Bradstreet and found
that you are a highly sophisticated investor and multimillionaire with
real estate and financial interests all over the world. Your investments
include a large number of wind turbines around Sweetwater, Texas. What
puzzles us is, why would you bother to borrow $5,000?



Good 'ole Sarge replied, "Where else in New York City can I park
my car for two weeks for only $23.01 and expect it to be there when I
return?"

[jsmith564`]

lol.. good one, thats froogle

[86 IROC-Z]

That's great

[blackSS01]

Def a good one

[c5z28]

.

[67CamaroRSSS]

lol.. good one, thats froogle

I'm assuming you meant frugal as in "not wasteful"?

The dictionary is your friend.....

[jsmith564`]

I'm assuming you meant frugal as in "not wasteful"?

The dictionary is your friend.....

yea.. but i use google all the time... there is a "froogle" section.. so i was just.. you know throwing in a lil funny ha ha

[War Theory]

Never underestimate a Texas Cowboy.



Two weeks later, Sarge returned, repaid the $5,000 and the
interest of $23.01.

What
puzzles us is, why would you bother to borrow $5,000?



Good 'ole Sarge replied, "Where else in New York City can I park
my car for two weeks for only $23.01 and expect it to be there when I
return?"

That was funny but 12% of $5,000 is $600 not $23.01 what I miss?

[FORD RECOVERY EXPERT]

:lmoa:

That was funny but 12% is $600 not $23.01 what I miss?

12% is A.P.R. as in $600 a year.... he only borrowed it for 2 weeks....


But you totally overanalyzed it asshat.

[Sarge]

That was funny but 12% of $5,000 is $600 not $23.01 what I miss?

Per annum.

[cammed goat]

I love it,

[86 IROC-Z]

That was funny but 12% of $5,000 is $600 not $23.01 what I miss?

http://www.amazon.com/Personal-Finan.../dp/0764552317

[FORD RECOVERY EXPERT]

[War Theory]

it still don't add up.....


:

[FORD RECOVERY EXPERT]

it still don't add up.....:

Are you serious???



5000 (dollars borrowed) x .12 (Annual Percentage Rate) = 600

600 / 52 (weeks in a year) = 11.53

11.53 (per week) x 2 (weeks gone) = 23.06.... Close enough for the joke...

[War Theory]

I can't read English ...

:

[War Theory]

it's cool I got fucked up on the leap year thingy no worries....
:

[War Theory]

still a funny joke

[Spikito]

thats a nice one...i like it