Sanderson M. Smith

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MONEY A STUDENT OWES ME

Hi good people...

This story is true.

Cody Short was one of the senior heads of the Cate Foster Home program.

Cody went with me and others to the Peterkins' care home last year. We made a brief Blenders stop on our way home, and Cody asked me if he could borrow $2.00. Being the caring and lovable friend that I am, I told him I would lend him the money but would charge him an interest rate of 10% per minute. He agreed to this. I lent Cody the money shortly before 8PM on that Tuesday evening. So, if he paid me back by 8AM the next morning, 12x60 = 720 minutes would have passed. At that time, Cody would have owed me

$2x(1.10)⁷²⁰ =

$1,269,881,831,000,000,000,000,000,000,000

OK, I really did like Cody, so I was willing to settle for just 1% of what he owed me.

As of 8AM that morning, 1% of what he owed me would have been

$12,698,818,310,000,000,000,000,000,000

Now, my good buddy Cody did pay me the principal ($2) he owed, but he has yet to pay me the interest.

I tried to compute what he owed me as of 11/16/02. This was about a year after I made the loan, but my calculator said ERR:OVERFLOW.

Ah, the POWER OF MATH.

However, sadly, somehow I don't think I will ever get the interest Cody owes me on the $2 investment I made.

=============================

"The safest way to double your money is to fold it over and put it in your pocket."

-FRANK McKINNEY HUBBARD

And... two of the greatest quotes of all time.

"Goodness is the only investment that never fails."

-HENRY DAVID THOREAU

"It's good to have money and the things money can buy, but it's good, too, to check up once in a while and make sure that you haven't lost the things money can't buy."

-GEORGE HORACE LORIMER

 

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