Gasoline prices - another record high/ supply and demand
"NOYB" wrote in message
k.net...
"JoeSpareBedroom" wrote in message
...
"basskisser" wrote in message
oups.com...
I'm going to give you a really simple example of how I can earn a lot
of
money as a lender:
I loan you $100,000 at 5% interest. The interest rate falls to 4.5%
just 1
month later. I sell your loan to another bank for a one-time fee
(perhaps
$2000). So in just 1 month, on the initial $100,000, I earned 5/12th's
of a
percent, plus the $2,000.
That's a 2.4166% return in just 1 month...or a nearly 29% annualized
return.
And that equals 34% how?
Bassy, you know I side with you much of the time, because like me, you're
always right.
I just threw up in my mouth.
The truth's a bitch.
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