Anthony and Michelle Constantino just got married and received $30,000 in cash gifts for their wedding. How much will they have on their twenty-fifth anniversary if they place half of this money in a fixed-rate investment earning 4 percent compounded annually? Would the future value be larger or smaller if the compounding period was 6 months? How much more or less would they have earned with this shorter compounding period? Click on the table icon to view the FVIF table B i Data Table - X If they place half of this money, PV, in a fixed rate investment earning 4 percent compounded annually, the amount they will have, FV, on their twenty-fifth anniversary is $. (Round to the nearest cent.) 2% 1.020 1.0401 1.061 1.082 1.104 1.126 n | 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 TTTTTTTTTTTT 1% 1.010 1.020 1.030 1.041 1.051 1.062 1.0721 1.083 1.094 1.105 1.116 1.127 1.138 1.149 1.161 1.173 1.184 1.196 1.208 1.220 1.232 1.245 1.257 1.270 1.282 1.348 1.489 1.6451 1.149 1.172 1.195 1.219 1.243) 1.268 1.294 1.319 1.346 1.373 1.400 1.428 1.457 1.486 1.516 1.546 1.577 1.608 1.641 1.811 2.208 2.692 3% 1.030 1.061 1.093 1.126 1.159 1.194 1.230 1.267 1.305 1.344 1.384 1.426 1.469 1.513 1.558 1.605 1.653 1.702 1.754 1.806 1.860 1.916 1.974 2.033 2.094 2.427 3.262 4.384 3.5% 1.035 1.071 1.109 1.148 1.188 1.229 1.272 1.317 1.3631 1.411 1.4601 1.511 1.564 1.619 1.675 1.734 1.795 1.857 1.923 1.990 2.059 2.132 2.206 2.283 2.363 2.807 3.959 5.585 Compound Sum of $1 (FVIF) 4% 5% 6% 1.0401 1.050 1.0601 1.0821 1.103 1.124 1.125 1.158 1.191 1.170 1.216 1.262 1.217 1.276) 1.338 1.265 1.340 1.419 1.3161 1.4071 1.504 1.369 1.477 1.594 1.423 1.551 1.689 1.480 1.629 1.791 1.539 1.710 1.898 1.601 1.796 2.012 1.665 1.886 2.133 1.732 1.980 2.261 1.801 2.079 2.397 1.873 2.183 2.540 1.948 2.292 2.693 2.026 2.407 2.854 2.107 2.527 3.026 2.191 2.653 3.207 2.279 2.7861 3.400 2.370 2.925 3.604 2.465 3.072 3.820 2.563 3.225 4.049 2.666 3.386 4.292 3.243 4.322 5.743 4.801 7.040 10.286 7.107 11.4671 18.420 7% 1.070 1.145 1.225 1.311 1.403) 1.501 1.606 1.718 1.838 1.967 2.1051 2.252 2.410 2.579 2.759 2.952 3.159 3.380 3.617 3.870 4.141 4.4301 4.741 5.072 5.427 7.612 14.974 29.457 8% 1.080 1.166 1.2601 1.360 1.469 1.587 1.714 1.851 1.999 2.159 2.332 2.518 2.720 2.937 3.172 3.426 3.700 3.996 4.3161 4.661 5.034 5.437 5.871 6.341 6.848 10.063 21.725 46.902) 9% 1.090 1.188 1.295 1.412 1.539 1.677 1.828 1.993 2.172 2.367 2.580 2.813 3.066) 3.342 3.642 3.970 4.328 4.717 5.142 5.604 6.109 6.659) 7.258 7.911 8.623 13.268 31.409 74.358 10% 1.100 1.210 1.331 1.464 1.611 1.772 1.949) 2.144 2.358 2.594 2.853 3.138 3.452 3.797 4.177 4.595 5.054 5.560 6.116 6.727 7.400 8.140 8.954 9.850 10.835 17.449 45.259 117.391 NNNNNN TITIT 30 40 50 TITT Print Done