Modern finance revolves around interest. Banks and investors dispense cash to individuals and corporations that need it with the expectation that they will receive significantly more in return over time. And, as anyone with a mortgage knows, the longer it takes to repay, the more the lender demands in return. This arrangement, to a large Read More »
Jay rented an apartment from Sol for two years, at $1800 per month. Two months before the end of the contract, Jay expressed his interest in the third year rental option. Although Sol agreed, he notified Jay that the rental fee would be adjusted to the going market rate and raised to $2100 a month. Read More »
A boss calls in his secretary and hands her a document. “Please make me seven copies of this by the end of the day,” he politely requests. The secretary takes the papers, returns to her desk, finishes the work she had been doing, and then goes to the copy machine and makes the copies. She Read More »
