Dr Wilson Is Buying a 50% Partnership in a Veterinary

question 150

Essay

Dr. Wilson is buying a 50% partnership in a veterinary practice by end-of- month payments of $714.60, including interest at 7% compounded semi- annually for 15 years.
a) What valuation was placed on the partnership at the beginning of the payments?
b) What total amount of interest will she pay over the 15 years?

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Definitions:

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