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The annual income from a rented house is $20,000. The annual expenses are $5,000. If the house can be sold for $250,000 at the end

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The annual income from a rented house is $20,000. The annual expenses are $5,000. If the house can be sold for $250,000 at the end of 8 years, how much could you afford to pay for it now, if you consider 8% to be a suitable interest rate

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