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PROBLEM 2. Dr.Wilson is buying a 50% ownership in a veterinary practice by end of month payments of $714.60, including interest at 7% compounded semi-annually

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PROBLEM 2. Dr.Wilson is buying a 50% ownership in a veterinary practice by end of month payments of $714.60, including interest at 7% compounded semi-annually for 15 years. Rounded to the nearest dollar: a. What valuation was placed on the partnership at the beginning of the payments? (5 marks) b. What total amount of interest will she pay over the 15 years? ( 5 marks)

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