Anthony and Michelle Constantino just got married and received $32,000 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 6 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 6 percent compounded annually, the amount they will have, FV, on their twenty-fifth anniversary is $147.26. (Round to the nearest cent.) n 1 7% 1.070 1.145 1.225 9% 1.090 1.188 1.295 2 3 4 1.412 2% 1.020 1.040 1.061 1.082 1.104 1.126 1.149 1.172 1.195 1.219 3.5% 1.035 1.071 1.109 1.148 1.188 1.229 1.272 1.317 1.363 1.311 1.403 5 000 W 8% 1.080 1.166 1.260 1.360 1.469 1.587 1.714 1.851 1.999 2.159 1.539 6 7 8 1.677 1.828 1.993 2.172 2.367 9 10 11 1% 1.010 1.020 1.030 1.041 1.051 1.062 1.072 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 1.411 1.460 1.511 2.580 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 Compound Sum of $1 (FVIF) 4% 5% 6% 1.040 1.050 1.060 1.082 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 1.316 1.407 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 2.786 3.400 2.370 2.925 3.604 2.465 3.072 3.820 2.332 2.518 2.720 12 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 1.243 1.268 1.294 1.319 1.346 1.373 1.400 1.428 1.457 1.486 1.516 13 14 1.501 1.606 1.718 1.838 1.967 2.105 2.252 2.410 2.579 2.759 2.952 3.159 3.380 3.617 3.870 4.141 4.430 4.741 15 16 1.564 1.619 1.675 1.734 1.795 1.857 1.923 1.990 2.059 2.132 2.206 17 18 2.937 3.172 3.426 3.700 3.996 4.316 4.661 5.034 5.437 5.871 2.813 3.066 3.342 3.642 3.970 4.328 4.717 5.142 5.604 6.109 6.659 7.258 19 20 21 22 1.546 1.577 23 1.860 2.279 2.786 21 22 2.059 2.132 2.206 6.109 6.659 7.258 7.911 23 24 25 1.232 1.245 1.257 1.270 1.282 1.348 1.489 1.645 1.516 1.546 1.577 1.608 1.641 1.811 2.208 1.916 1.974 2.033 2.094 2.427 3.262 4.384 2.283 2.363 2.807 2.370 2.465 2.563 2.666 3.243 4.801 7.107 2.925 3.072 3.225 3.386 4.322 7.040 11.467 3.400 3.604 3.820 4.049 4.292 5.743 10.286 18.420 4.141 4.430 4.741 5.072 5.427 7.612 14.974 29.457 5.034 5.437 5.871 6.341 6.848 10.063 21.725 46.902 7.400 8.140 8.954 9.850 10.835 17.449 45.259 117.391 30 40 50 8.623 13.268 31.409 74.358 3.959 5.585 2.692