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Nancy has a gross income of $47,000, disposable income of $40,000, a net worth of $80,000 and saves $8000 a year. Her savings rate is
Nancy has a gross income of $47,000, disposable income of $40,000, a net worth of $80,000 and saves $8000 a year. Her savings rate is
a.
17 percent.
b.
20 percent.
c.
10 percent.
d.
15 percent.
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