1. Suppose you earn $50,000 this year, spend $30,000 on food, clothing, and rent

Question

1. Suppose you earn $50,000 this year, spend $30,000 on food, clothing, and rent, and spend $20,000 on a portfolio of stocks and bonds. Compute your saving for this year. (Do not use a dollar sign or a decimal point.)

2.Suppose you earn $50,000 this year, spend $30,000 on food, clothing, and rent, and spend $20,000 on a portfolio of stocks and bonds. Compute the change in wealth over the course of the year, assuming the portfolio of stocks appreciated by $2,000 and the portfolio of bonds depreciated by $1,000.

3.Suppose you earn $50,000 this year, spend $30,000 on food, clothing, and rent, and spend $20,000 paying off student loans. Compute your change in wealth for the year, assuming none of your existing assets appreciated or depreciated. (Do not use a dollar sign or a decimal point.)

Explanation / Answer

a)20,000

b)21,000

c)20,000

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