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The annual income from a rented home is $24,000. The annual expenses are $6000. If the house can be sold for $245,000 at the end of 10 years, how much could you afford to pay for it now, if you considered 9% to be a suitable rate?
Business Economics, Economics
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In a large university, 68% of students live in dormitories. A random sample of 14 students is selected. What is the probability that the sample contains more than five students who do not live in the dormitories?
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