Would the future value be larger or smaller if the, Financial Management

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Would the future value be larger or smaller if the

Anthony and Michelle Constantino just got married and received ?$23,000 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 10 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?

Would the future value be larger or smaller if the compounding period was 6 months?

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