Nathan decided to start a construction project with his two siblings, Paul and Sarah. The three of them invested $237,000, $824,000, and $725,000, respectively. After the complex was built, Paul decided to sell his share of the investment to Nathan and Sarah. How much did each of them have to pay if they wanted to maintain the original ratio of their investments in the complex? a. Nathan would have to pay: Round to the nearest cent b. Sarah would have to pay: Round to the nearest cent
Nathan decided to start a construction project with his two siblings, Paul and Sarah. The three of them invested $237,000, $824,000, and $725,000, respectively. After the complex was built, Paul decided to sell his share of the investment to Nathan and Sarah. How much did each of them have to pay if they wanted to maintain the original ratio of their investments in the complex? a. Nathan would have to pay: Round to the nearest cent b. Sarah would have to pay: Round to the nearest cent
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 2 images