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Lorna gross income per month is $3,500. After payroll deductions she takes home 85 percent of her salary. Lorna uses the pay yourself first method

Lorna gross income per month is $3,500. After payroll deductions she takes home 85 percent of her salary. Lorna uses the pay yourself first method and puts $250 into her savings account before spending anything. What is Lorna's saving rate? Question 9 options: 10.1% 8.42% 7.14% 6.95%

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