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Question: Angela's monthly disposable income is $3,027. She has monthly expenses of $2,625 (including recreational expenses of $376) and net cash flow of $402 per month. Angela analyzes her personal budget and decides that she can reduce her recreational spending by $51 per month. If Angela is saving $453 per month, what is her savings rate (i.e., savings as a percentage of disposable income)?

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Category:- Basic Finance
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