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What is Jerry's saving ratio if he has the following: Cash in bank: $4,000 Net worth: 44,000 Liabilities: 8,000 Current liabilities: $450 Monthly credit payments:
What is Jerry's saving ratio if he has the following:
Cash in bank: $4,000
Net worth: 44,000
Liabilities: 8,000
Current liabilities: $450
Monthly credit payments: $200
Monthly savings: $100
Monthly expenses: $400
Net pay: $1,200
Gross pay: 1,900
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