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It will give you insight into the financial decisions that you will face when you are financially independent. 1. We will start by examining the finances of some actual people. I have a friend who owns a low income apartment house in an upper Mid-west town of 10,000 people. The median income for a single household in this town is $29,899 as gathered from 2000 census data. For comparison, the national median household income is approximately $42,000 per year. a. How much less per month is the me.

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