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Exercise C-10 (Algo) Calculate the future value of an annuity (LO C-4) GMG Studios plans to invest $46,000 at the end of each year for the next five years. There are three investment options available Required: Determine the accumulated investment amount by the end of the fitth year for each of the options. (FV of S1. PV of S1, EVA of S1, and PYA of Si) (Use tables, Excel, or a financial calculator. Round your answers to 2 decimol ploces.) Exercise C-14 (Algo) Calculate the present value of an annuity (LO C-5) Denzel needs a new car. At the dealership, he finds the car that he likes. The dealership gives him two payment options: 1. Pay $31,000 for the car today. 2. Pay $3,200 at the end of each quarter for three years. Required: 1-o. Assuming Denzel uses a discount rate of 12% (or 3% quarterly). calculate the present value. 1.b. Which option gives him the lower cost? Complete this question by entering your answers in the tabs below. Assuming Denzel uses a discount rate of 12% (or 3% quarterly). calculate the present value. (FV of $1, PV of $1, FVA of 51, and PVA of \$1) (Use tables, Excel, of a financial calculator, Round your answers to 2 decimal places.) Exercise C-14 (Algo) Calculate the present value of an annuity (LO C-5) Denzel needs a new car. At the dealership, he finds the car that he likes. The dealership gives him two payment options: 1. Pay $31.000 for the car today. 2. Pay $3,200 at the end of each quarter for three years. Required: 1-a. Assuming Denzel uses a discount rate of 12% (or 3% quarterly), calculate the present value. 1-b. Which option gives him the lower cost? Complete this question by entering your answers in the tabs below. Which option gives him the lower cost