If you can do that bike for around $1000, it's a good spec bike for the money.
Start doing some return trips up some big hills and you'll figure it out, if you need the lowest to get up you're going to need the highest coming back down.
I had one of my bikes as a singlespeed for quite a while, nice and simple and gets you in the mindset of keeping speed for the uphills and bashing up, rather than pissing around changing down a bunch of gears and losing all your momentum.
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