So. My Mom needs to come up with cash last week so we can get some groceries. She decides to pawn her two diamonds for a couple of weeks so we can go to the grocery store. The emasculation I go through is both painful and irrelevent to the main story, so I will skip that part. Anyway, while we are waiting for a free clerk, I notice a [b]POST-BAN[/b] AR-15 on the wall. I don't really get a chance to look it over very well. But I do notice the price. [b]$1599.99!![/b] This is shock number one.
Next, someone finally gets to a point where he offers to help us. He loks at the two [b]DIAMOND[/b] rings and tell my Mom he can give her $35.00 for [b]BOTH[/b]. Well, she would have to pay back $45.00 in 30 days to get her rings back. Okay.....
There are 12.17 (rounded) 30-day periods in one year
That makes $121.70 annual interest (rounded)
That works out to approx [b]348%[/b] interest
POST-BAN AR-15: $1599.99
TWO DIAMOND RINGS: $35.00
KNOWING WHEN TO WALK AWAY: [b]PRICELESS![/b]
Scott