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Susan's annual salary is $80,000. She contributes 11.5% of her salary to her 401(k) plan; and her employer contributes 5% of her salary to a

Susan's annual salary is $80,000. She contributes 11.5% of her salary to her 401(k) plan; and her employer contributes 5% of her salary to a profit-sharing plan. She also contributes $4,696 per year to an IRA. What is Susan's approximate savings rate?

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