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Default Is it possible to run new and old version on one computer???

Hi,
I am wondering if its possible to use both versions on the one computer.
I am studying externally at Uni and the text book and Uni system operates on
the older version and not 2007 - given that the subject is 'Business
Mathematics and Stats" i really need to be able to follow the text book
exactly. Upon perusing this book i have realised that it will be extremely
difficult comprehending the commands from text book to system.
Please help!!!

 
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