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How much will have on twenty-fifth anniversary

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Question 1: Anthony and Michelle Constantino just got married and received ?$35000 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 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?

Question 2: If they place half of this? money, PV, in a fixed rate investment earning 4 percent compounded? annually, the amount they will? have, FV, on their? twenty-fifth anniversary is ?? ?(Round to the nearest? cent.)

Reference no: EM132891325

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