# Walter used to work as a high school teacher for $40,000 per year but quit in order to start his own 8 answers ###### Question: Walter used to work as a high school teacher for$40,000 per year but quit in order to start his own painting business. to invest in his painting business, he withdrew $20,000 from his savings, which paid 3 percent interest, and borrowed$30,000 from his uncle, whom he pays 3 percent interest per year. last year walter paid $25,000 for supplies and had revenue of$60,000. walter asked tyler the accountant and greg the economist to calculate his painting business's profit.
a. tyler says his profit is $34,100, and greg says his profit is$34,100.
b. tyler says his profit is $25,900, and greg says his profit is$66,500.
c. tyler says his profit is $35,000, and greg says he lost$5,900.
d. tyler says his profit is $34,100, and greg says he lost$6,500.

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