natalia487
Jan 24, 2017, 01:25 PM
A broker offers limited partnerships in the amounts of $1000, $5000, and $10,000 in three organizations speculating in gold mines, oil wells, and modern art. The capitalization values and number of members in each are given in the table, together with the “altered value” of the capitalization should all the $1000 memberships be replaced by the same number of $5000 memberships. How many memberships of each amount are in each partnership? You need to show all work to get full credit. (hint: use the inverse)
Gold Mines Oil Wells Modern Art
Value $2.0 million $3.9 million $2.5 million
Number of members 500 700 600
"altered value" $3.0 million $4.5 million $3.8 million
Gold Mines Oil Wells Modern Art
Value $2.0 million $3.9 million $2.5 million
Number of members 500 700 600
"altered value" $3.0 million $4.5 million $3.8 million