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practice testMultiple Choice

Practice Test

Question 4 of 13 • Advanced Financial Algebra

Luciana has a monthly income of $5,123 After accounting for all her expenses, she has set aside 29% of her income for rent. She finds an apartment that costs $1,480 per month. Does this fit within her budget for rent?

Answer
A
It is slightly over her budgeted amount.
B
It is way under her budgeted amount.
C
It is way over her budgeted amount.
D
It is slightly lower than her budgeted amount.
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