rodp0814 rodp0814

23-02-2024
Mathematics

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Joe, Thea, and Taylor invested in a partnership in the ratio 1:4:7, respectively. Years later, when the partnership was worth $1.6 million, Thea decides to go to graduate school and sells her part of the partnership to Joe.
a. How much would Joe need to pay Thea to buy her share of the business? Round to the nearest dollar.

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