Ms. Ho is buying a 25% interest in an accounting partnership by end-of - month payments of $537.66, including interest at 8% compounded semi - annually, for 12 years.
a) What valuation was placed on the partnership at the beginning of the payments? (Round to the nearest dollar.)
b) What total amount of interest will she pay over the 12 years?

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The Answer of Ms. Ho is buying a 25% interest in an accounting partnership by end-of - month payments of $537.66, including interest at 8% compounded semi - annually, for 12 years.
a) What valuation was placed on the partnership at the beginning of the payments? (Round to the nearest dollar.)
b) What total amount of interest will she pay over the 12 years?

Ms Ho Is Buying a 25% Interest in an Accounting