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You currently have $2,000 in savings. You have a short-term job that pays $1,000 at the end of each month for the next 9 months.
You currently have $2,000 in savings. You have a short-term job that pays $1,000 at the end of each month for the next 9 months. You are looking at renting an apartment. You will pay rent at the beginning of each month. Assume the monthly EPR is 1%. If you are renting for 12 months, how expensive an apartment can you afford?
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