Would the future value larger or smaller

Reference no: EM13294958

Anthony and Michelle Constantino just got married and received $30,000 in cash gifts fro their wedding. Use the money in motion calculator to calculate how much they will have on their twenty-fifth anniversary if they place half this money in a fixed rate investment earning 12 percent compounded annually. Would the future value larger or smaller if the compounded period was six month? How much more or less would they have earned with this shorter compounded period?

Reference no: EM13294958

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