Wimpy, a character in the Popeye cartoons, offers to “gladly pay you Tuesday for a hamburger today.” Why might Burger King find this to be an unattractive offer? If you put $15,000 in the bank today...

Wimpy, a character in the Popeye cartoons, offers to “gladly pay you Tuesday for a hamburger today.” Why might Burger King find this to be an unattractive offer?

If you put $15,000 in the bank today to save for college and leave it for 20 years, what quarterly rate of interest will you have to earn in order to be able to pay a $50,000 tuition bill when you take the money out?