Given:
Grethen's gross annual salary = $34, 788
The maximum amount of rent she can afford to pay per month can be found using the formula:
[tex]\text{Max amount of rent she can pay = }\frac{Gross\text{ annual salary}}{Number\text{ of months in a year}}[/tex]Applying the formula:
[tex]\begin{gathered} \text{Max amount of rent she can pay= }\frac{34788}{12} \\ =\text{ \$2899} \end{gathered}[/tex]Hence, the maximum amount of rent she can afford to pay per month is $2899
Answer: $2899
