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Lori is a student who teaches golf on Saturdays. In a year she earns $35,000 after paying her taxes. At the beginning of 2017, Lori
Lori is a student who teaches golf on Saturdays. In a year she earns $35,000 after paying her taxes.
At the beginning of 2017, Lori owned $4,000 worth ofbooks, DVDs, and golf clubs and she had $6,000 in a savings account at the bank.
During 2017, the interest on her savings account was $360 and she spent a total of $25,000 on consumption goods and services. There was no change in the market values of herbooks, DVDs, and golf clubs.
How much did Lori save in 2017? What was her wealth at the end of 2017?
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