Anthony and Michelle Constantino just got married and received $31,000 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 . 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.)