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T. Reed and S. Riley are partners with equal capital balances of $50,000 each. They agree to let R. Smith invest $20,000 in their partnership

T. Reed and S. Riley are partners with equal capital balances of $50,000 each. They agree to let R. Smith invest $20,000 in their partnership for a 25% interest. R. Smith's beginning capital balance will equal ________.

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