Thread: Interest
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Old 03-16-2017, 01:27 PM
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Originally Posted by moonpunter View Post
Interest is the bank's reward for taking the risk of loaning you money. You can't expect banks to something for nothing. They aren't charities.
Therefore interest is related to risk? Therefore you will need to consider Option 1 or Option 2.

Yes the banks provide a service and could charge a service fee commensurate with their service (as well as account for inflation), a zero risk service of lending people money might take an admin officer 1 hour to process, a few overheads here and there, let's say $50.00 standard loan fee.
If you have an apple and I have an apple and we exchange these apples then you and I will still each have one apple. But if you have an idea and I have an idea and we exchange these ideas, then each of us will have two ideas
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