Dr. Wilson is buying a 50% ownership in a veterinary practice by end-of-month payments of $714.60, including

Question:

Dr. Wilson is buying a 50% ownership in a veterinary practice by end-of-month payments of $714.60, including interest at 7% compounded semiannually for 15 years. Rounded to the nearest dollar,
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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