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Anthony and michelle constantino just got married and recieved $ 2 8 , 0 0 0 in cash gifts for their wedding. How much will

Anthony and michelle constantino just got married and recieved $28,000 in cash gifts for their wedding. How much will they have on their 25th 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?

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