Liam wants to go to Paris, but first, he has to pay his bills. His trip costs $7,000, and his bills cost $3,500. Knowing that Liam has saved $500/month for 2 years, how much money will he have left after paying his bills? Let's be accurate as possible.
In total Liam has saved ($500 / month * 12 months / year) * 2 years = $12,000. When Liam pays his bills, he will have $12,000 - $3,500 = $8,500 left.
The answer: 8500.