What is the total interest earned by the investment

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Morgan Stanley's wealth management unit offers to invest profits of $750,000 made by an artist on a world tour at 7% compounded semi-annually, locking the money for three years.

Problem 1: What will the cash out be?

Problem 2: The total interest paid on an investment is the difference between cash out, or A, and cash in, or P; that is I = A - P. What is the total interest earned by the investment?

Reference no: EM132958241

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