How much did lori save and what is here wealth at the end

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Reference no: EM13160209

lori is a student who teaches golf on the weekend and in a year earns $40,000 in fees after paying her taxes.

At the beginning of 2009, lori owed $2,500 worth of books, CDs, and golf clubs and she had $5,000 in a savings account at the bank.

During 2009, the interest on her savings account was $350 and she spent a total of $30,000 on consumption goods and services. There was no change in the market values of her books, CDs, and golf clubs.

How much did Lori save in 2009 and what is here wealth at the end of 2009?

Reference no: EM13160209

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