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You expect to earn $60,000 per year when you graduate from The Citadel. Before you rent an apartment you add up these other monthly costs:
- You expect to earn $60,000 per year when you graduate from The Citadel. Before you rent an apartment you add up these other monthly costs: insurance, $100; car payment, $450; student loan payment, $320; groceries, $120; drinking on Upper King Street, $100. To be fiscally smart, what's the maximum monthly rent that you should pay? Show your work.
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