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Full Name: Out of 30 1. Emily gets a raise at work and decides to start putting more of her take-home pay into a savings

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Full Name: Out of 30 1. Emily gets a raise at work and decides to start putting more of her take-home pay into a savings account to save up a down-payment on a house. Currently, her after- tax income averages $6,930 per month. Emily budgets the following: 30% for her current rent; 15% for utilities and insurance; and 35% for food and expenses; with the remainder going into her savings. Find her *monthly* savings. (Include appropriate units in your answer! Answer to the nearest cent.)

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