A law firm has 3 partners. The first partner of the business, the second partner of the business and the third partner owns owns 9 owns of the business. The business is worth 40 $1.5 million. A new partner is introduced who contributes an additional $300,000 and owns of the total value of the new business. What are the new values for the first to the third original partners?

A law firm has 3 partners. The first partner of the business, the second partner of the business and the third partner owns owns 9 owns of the business. The business is worth 40 $1.5 million. A new partner is introduced who contributes an additional $300,000 and owns of the total value of the new business. What are the new values for the first to the third original partners?

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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Question

A law firm has 3 partners. The first partner
of the business, the second partner
of the business and the third partner
owns
owns
9
owns of the business. The business is worth
40
$1.5 million. A new partner is introduced who
contributes an additional $300,000 and owns
of the total value of the new business. What are
the new values for the first to the third original
partners?

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