1 betty and allan each own 25 of partnership bab on october, Ask an Expert

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1. Betty and Allan each own 25% of partnership BAB. On October 15, 2016, Betty sells her interest to Bob, who is a 50% partner. On October 16, 2017, Alan sells his interest to Bob. When does the partnership terminate?

a. October 15, 2016

b. October 16, 2017

c. January 31, 2017

d. The partnership does not terminate

2. How much must you invest at 10% interest in order to see your investment grow to $18,000 in 12 years? Use Appendix B. (Round "PV Factor" to 3 decimal places.)

A. $5,108

B. $5,742

C. $5,143

D. none of these

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92841974

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