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Sloane's annual salary is $80,000. She contributes 10% of her salary to her 401(k) plan; and her employer contributes 5% of her salary to a

Sloane's annual salary is $80,000. She contributes 10% of her salary to her 401(k) plan; and her employer contributes 5% of her salary to a profit-sharing plan. She also contributes $2,500 per year to an IRA. What is Sloane's approximate savings rate? 

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