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Anthony and Michelle Constantino just got married and received $35,000 in cash gifts for their wedding. How much will they have on their 25 th

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Anthony and Michelle Constantino just got married and received $35,000 in cash gifts for their wedding. How much will they have on their 25 th 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 4percent compounded annually, the amount they will have, FV, on their 25 thniversary is $ (Round to the nearest cent.) Click on the following icon D in order to copy its contents into a spreadsheet.)

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