In managing your monthly budget, you allocate your income ac…
In managing your monthly budget, you allocate your income across various categories such as rent, groceries, entertainment, and savings. Each category contributes differently to your overall financial health. Rent takes up 22.5% of your income, groceries 22.5%, entertainment 30%, and you aim to save 25%. Compute the weighted average allocation for the following amounts: $1000 for rent, $200 for groceries, $130 for entertainment, and $400 for savings. Round your answer to the nearest dollar.
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