Anthony and Michelle Constantino just got married and received $36,000 36,000 in cash gifts for their wedding.

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Anthony and Michelle Constantino just got married and received $36,000

36,000 in cash gifts for their wedding. How much will they have on theirtwenty-fifth anniversary if they place half of this money in afixed-rate investment earning 7

7 percent compounded annually. Would the future value be larger or smaller if the compounding period was 6months? How much more or less would they have earned with this shorter compoundingperiod?

Posted Date: May 19, 2024 01:09 PM

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Anthony and Michelle Constantino just got married and received $36,000 36,000 in cash gifts for their wedding.

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