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3 GMG Studios plans to invest $56,000 at the end of each year for the next four years. There are three investment options available. Interest

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3 GMG Studios plans to invest $56,000 at the end of each year for the next four years. There are three investment options available. Interest Period 2 Annual Rate Compounded Invested points Option 1 6% Annually 4 years 8 Skipped Option 2 Annually 4 years Option 3 12 Annually 4 years eBook Print Required: Determine the accumulated investment amount by the end of the fourth year for each of the options. (FV of $1, PV of $1, EVA of $1, and References PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.) Accumulated investment amount Option 1 $ 70,698.71 Option 2 76, 187.38 Option 3 88, 117.08

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