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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. What will the cash out
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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. What will the cash out be

User Andras Sebo
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1 Answer

15 votes
15 votes

Answer:

$171,941

Step-by-step explanation:

Cash out = $921,941. 2. Interest earned by the investment = $171,941.

User Halaster
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