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can you please explain this answer 35) Bill's annual savings rate is 9%. If Bill currently saves $6,750 annually, how much more will he need

can you please explain this answer
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35) Bill's annual savings rate is 9%. If Bill currently saves $6,750 annually, how much more will he need to save to increase his savings rate to 11%? A) $8,250 B) $135 $1,500 D) more information needed to determine the answer Answer: C

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