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 at the beginning of the payments?
b. What total amount of interest will she pay over the 15 years?
Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...