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Determine M’s share of the $100,000 if the partners agree on an interest allowance of 10%...

Determine M’s share of the $100,000 if the partners agree on an interest allowance of 10% on the original investments and the remainder in a 2:3 ratio. Assume that M is to invest $20,000 and J is to invest $30,000.

M

J

Total

Interest Allowances

Remainder 2:3

Totals

?

$100,000

Please help.

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