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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
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. But the total amount of interest will she be over the 15 years?
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