Anthony and Michelle Constantino just got married and recieved $$32,000$ 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 $6$ percent compunded 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?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?

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