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A businessman walked into a bank in New York City and asked to see the loan officer. He told the loan officer that he was going out of town for two weeks and needed a $5,000 loan.The loan officer told the business man that there had to be some type of insurance on the loan. One option was to offer up some collateral. The businessman said he had a Rolls Royce parked outside that he could offer as collateral. The bank employees checked out the vehicle and parked it in the bank’s underground garage.
The businessman returned two weeks later to pay back the loan and retrieve his car. He paid back the $5,000 and the interest which totaled about $15. While he was away, the bank was able to check his account status. They noticed he had millions of dollars in the bank. One employee asked him why he would need a $5,000 loan. The businessman replied, “Where else in New York City can I park my car for two weeks for $15?